On the balance sheet of Bearcat Inc., you notice "Common Stock ($0.10 par)" of $248,655, "Capital Surplus" of $282,621, and "Retained Earnings" of $210,534. If Bearcat Inc. has Sales of $292,6836 and a profit margin of 30.52%, what is the price/eamings (P/E) ratio of the firm if their stock is currently selling for $21.94 per share?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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On the balance sheet of Bearcat Inc., you notice "Common Stock
($0.10 par)" of $248,655, "Capital Surplus" of $282,621, and
"Retained Earnings" of $210,534. If Bearcat Inc. has Sales of
$292,6836 and a profit margin of 30.52%, what is the
price/earnings (P/E) ratio of the firm if their stock is currently
selling for $21.94 per share?
O None of these options are correct
67.18
54.97
240.97
61.07
DISCL
Transcribed Image Text:On the balance sheet of Bearcat Inc., you notice "Common Stock ($0.10 par)" of $248,655, "Capital Surplus" of $282,621, and "Retained Earnings" of $210,534. If Bearcat Inc. has Sales of $292,6836 and a profit margin of 30.52%, what is the price/earnings (P/E) ratio of the firm if their stock is currently selling for $21.94 per share? O None of these options are correct 67.18 54.97 240.97 61.07 DISCL
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