Blue Horizon Inc. has a stock price of $98.50 at the end of last year. The company's earnings per share (EPS) for the last year were $9.25. Compute the Price-Earnings (P/E) ratio, rounding to two decimal places.

Blue Horizon Inc. has a stock price of $98.50 at the end of last year. The company's earnings per share (EPS) for the last year were $9.25. Compute the Price-Earnings (P/E) ratio, rounding 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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general accounting

Blue Horizon Inc. has a stock price of $98.50 at the end of last year. The company's
earnings per share (EPS) for the last year were $9.25.
Compute the Price-Earnings (P/E) ratio, rounding to two decimal places.

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