Widget World International has 8 million shares outstanding and the prevailing P/E ratio in the widget...

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Question

Widget World International has 8 million shares outstanding and the prevailing P/E ratio in the widget industry is 15. WWI had consolidated earning last year of $16,000,000 and this year they were $14,000,000. On this basis, what was the valuation of Widget World's stock last year, and what is it this year?

Answer 1

Answer #1

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Answer 2

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