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All Star Corp.'s stock price at the end of last year was $87.30. The company's earnings per share for the last year were $18.07. Calculate 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 $87.30. The company's earnings per share for the last year were $18.07. Calculate company's P/E ratio. Round the answer to two decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making
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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Financial Accounting

All Star Corp.'s stock price at the end of last year was $87.30. The company's earnings per share for the last year were $18.07. Calculate company's P/E ratio. Round the answer to two decimal places.
Transcribed Image Text:All Star Corp.'s stock price at the end of last year was $87.30. The company's earnings per share for the last year were $18.07. Calculate company's P/E ratio. Round the answer to two decimal places.
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