FINANCIAL ACCOUNTING: 85.42 ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS MILLION SHARES OUTSTANDING. THE COMPANY'S STOCK PRICE AT THE END OF LAST YEAR WAS $128.75. WHAT IS THE FIRM'S P/E RATIO? ROUND THE ANSWER TO TWO DECIMAL PLACES.

FINANCIAL ACCOUNTING: 85.42 ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS MILLION SHARES OUTSTANDING. THE COMPANY'S STOCK PRICE AT THE END OF LAST YEAR WAS $128.75. 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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Question

Financial Accounting problem

FINANCIAL ACCOUNTING:
85.42
ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS
$275.60 MILLION. THE COMPANY HAS
MILLION SHARES OUTSTANDING. THE COMPANY'S
STOCK PRICE AT THE END OF LAST YEAR WAS
$128.75. WHAT IS THE FIRM'S P/E RATIO? ROUND
THE ANSWER TO TWO DECIMAL PLACES.

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