Homework Help is Here – Start Your Trial Now!
Business
Accounting
A company has a market price per share of $45.60, earnings per share (EPS) of $1.90, and dividends per share of $0.60. What is the company's price-earnings ratio (P/E ratio)? A) 22.8 B) 31.2 C) 24.0

A company has a market price per share of $45.60, earnings per share (EPS) of $1.90, and dividends per share of $0.60. What is the company's price-earnings ratio (P/E ratio)? A) 22.8 B) 31.2 C) 24.0

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
See similar textbooks
icon
Related questions
Question
I need the correct answer to this general accounting problem using the standard accounting approach.
A company has a market price per share of $45.60, earnings per share (EPS) of $1.90, and dividends per share of $0.60. What is the company's price-earnings ratio (P/E ratio)? A) 22.8 B) 31.2 C) 24.0
Transcribed Image Text:A company has a market price per share of $45.60, earnings per share (EPS) of $1.90, and dividends per share of $0.60. What is the company's price-earnings ratio (P/E ratio)? A) 22.8 B) 31.2 C) 24.0
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer