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?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
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Problem 2E
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
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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