Blue Wave Inc.'s net income last year was $280.50 million. The company has 85 million shares outstanding. The company's stock price at the end of last year was $95.50. What is the firm's P/E ratio? Round the answer to two decimal places.

Blue Wave Inc.'s net income last year was $280.50 million. The company has 85 million shares outstanding. The company's stock price at the end of last year was $95.50. What is the firm's P/E ratio? Round the answer 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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Blue Wave Inc.'s net income last year was $280.50 million.
The company has 85 million shares outstanding.
The company's stock price at the end of last year was $95.50.
What is the firm's P/E ratio?
Round the answer to two decimal places.

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