Shares of Lorne and Greene Manufacturing now sell for $64. If the company had earnings per...
Shares of Lorne and Greene Manufacturing now sell for $64. If the company had earnings per share of $3.70 last year, calculate the price-earnings ratio of the stock. (Round to nearest whole number)
Group of answer choices
51:1
23:1
25:1
17:1
Homework Answers
price earnings ratio is equal to=Market price/EPS
=64/3.7
which is equal to
=17:1(Approx).
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Shares of Lorne and Greene Manufacturing now sell for $64. If
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