A company's stock is currently trading at $92.00, and its net earnings per share are $4.00. Calculate the stock's price- earnings (P/E) ratio.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
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general accounting

A company's stock is currently
trading at $92.00, and its net
earnings per share are $4.00.
Calculate the stock's price-
earnings (P/E) ratio.
Transcribed Image Text:A company's stock is currently trading at $92.00, and its net earnings per share are $4.00. Calculate the stock's price- earnings (P/E) ratio.
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