Everest Holdings Inc. reported a net income of $425.50 million last year. The company has 110.25 million shares outstanding. The company's stock price at the end of last year was $165.30. What is the firm's P/E ratio? (Round to two decimal places)

Everest Holdings Inc. reported a net income of $425.50 million last year. The company has 110.25 million shares outstanding. The company's stock price at the end of last year was $165.30. What is the firm's P/E ratio? (Round 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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What is the firm's PE ratio for this financial accounting question?

Everest Holdings Inc. reported a net income of $425.50 million last
year. The company has 110.25 million shares outstanding. The
company's stock price at the end of last year was $165.30.
What is the firm's P/E ratio? (Round to two decimal places)

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