A company has earnings per share of solve this general accounting question A company has earnings per share of $9.70. Itsdividend per share is $.55, its market price per shareis $122.22, and its book value per share is $98. Itsprice-earnings ratio equals:

The price-earnings ratio (P/E ratio) is a financial metric used to evaluate the valuation of a…

Answered: A company has earnings per share of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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I need this general accounting question solution
The company's price earnings ratio is equal to?
Please provide correct answer
Renew Company has an earnings per share (EPS) of $3.50, a value per share of $35, and a market value of $36. Calculate the price/earnings (P/E) ratio.
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A company has earnings per share of $9.70. Its dividend per share is $.55, its market price per share is $122.22, and its book value per share is $98. Its price-earnings ratio equals: