Eagle Corporation has the following financial data: < Earnings: $240,000 Number of shares outstanding: 80,000 › Price per share: $36 Book value per share: $12 What is the price-earnings ratio for Eagle Corporation?
Eagle Corporation has the following financial data: < Earnings: $240,000 Number of shares outstanding: 80,000 › Price per share: $36 Book value per share: $12 What is the price-earnings ratio for Eagle Corporation?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 2PEA
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Accounting

Transcribed Image Text:Eagle Corporation has the following financial data:
<
Earnings: $240,000
Number of shares outstanding: 80,000
› Price per share: $36
Book value per share: $12
What is the price-earnings ratio for Eagle
Corporation?
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