Answered: Apple Inc. has earnings per share of…

Apple Inc. has earnings per share of $5.50 and a P/E ratio of 25.40. What is the stock price? A. $139.70 B. $95.25 C. $19.90 D. $30.90

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Given answer accounting questions

Apple Inc. has earnings per share of $5.50 and a P/E ratio
of 25.40. What is the stock price?
A. $139.70
B. $95.25
C. $19.90
D. $30.90

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