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)
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Chapter8: Cost Analysis
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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?
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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