A company has a market value per share of $73.00. Its net income

A company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000. The company’s price-earnings ratio equals: ,Answer ,1. 20.9. ,2. 4.2. ,3. 14.6. ,4. 20.0. , ,