American Industry Classification System, pronounced "Nakes") number for differ- ent types of businesses. Choose keywords such as "athletic shoes" or "auto dealers" and others to see to which industry they have been assigned. 4-13. (Market-value ratios) Garret Industries has a price/earnings ratio of 16.29X. a. If Garret's earnings per share are $1.35, what is the price per share of Garret's stock? b. Using the price per share you found in part (a), determine the price/book ratio if Garret's equity book value per share is $9.58.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
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Problem 91PSA: A Comparing Financial Ratios Presented below are selected ratios the four firms, Badgley is a heavy...
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American Industry Classification System, pronounced "Nakes") number for differ-
ent types of businesses. Choose keywords such as "athletic shoes" or "auto dealers"
and others to see to which industry they have been assigned.
4-13. (Market-value ratios) Garret Industries has a price/earnings ratio of 16.29X.
a. If Garret's earnings per share are $1.35, what is the price per share of Garret's
stock?
b. Using the price per share you found in part (a), determine the price/book ratio
if Garret's equity book value per share is $9.58.
Transcribed Image Text:American Industry Classification System, pronounced "Nakes") number for differ- ent types of businesses. Choose keywords such as "athletic shoes" or "auto dealers" and others to see to which industry they have been assigned. 4-13. (Market-value ratios) Garret Industries has a price/earnings ratio of 16.29X. a. If Garret's earnings per share are $1.35, what is the price per share of Garret's stock? b. Using the price per share you found in part (a), determine the price/book ratio if Garret's equity book value per share is $9.58.
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