Blossom Petals Inc. has earnings of $2.10 per share. 1. If the benchmark P/E ratio for the company is 21, how much will you pay for the stock? (Round the answer to 2 decimal places.) 2. If the benchmark P/E ratio for the company is 25, how much will you pay for the stock? (Round the answer to 2 decimal places.)
Blossom Petals Inc. has earnings of $2.10 per share. 1. If the benchmark P/E ratio for the company is 21, how much will you pay for the stock? (Round the answer to 2 decimal places.) 2. If the benchmark P/E ratio for the company is 25, how much will you pay for the stock? (Round the answer to 2 decimal places.)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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