All Star Corp.'s stock price at the end of last year was $121.79. The company's earnings per share for the last year were $11.84. Calculate the company's P/E ratio. Round the answer to two decimal places.

All Star Corp.'s stock price at the end of last year was $121.79. The company's earnings per share for the last year were $11.84. Calculate the company's P/E ratio. Round the answer to two decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Calculate the company's P/E ratio

All Star Corp.'s stock price at the end of last
year was $121.79.
The company's earnings per share for the last
year were $11.84.
Calculate the company's P/E ratio.
Round the answer to two decimal places.

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