this is very simple earning per share is 8dollar (total income/total share outstanding)

so stock price should be 96dollar(p=e*p/e)

Hello,

I am trying to work out the following problem but am getting no where, help would be greatly appreciated:

The AmKram Corporation has sales of $5,000,000, net income of $800,000, total assets of $2,000,000, and 100,000 shares of common stock outstanding. If the AmKram Corporation's P/E ratio is 12, what is the company's current stock price?

Thanks in advance.