Financial Accounting Question: Nuton Corp.'s stock price at the end of last year was $135.45. The company's earnings per share for the last year were $12.58. Calculate the company's P/E ratio. Round the answer to two decimal places.
Financial Accounting Question: Nuton Corp.'s stock price at the end of last year was $135.45. The company's earnings per share for the last year were $12.58. Calculate the company's P/E ratio. Round the answer to two decimal places.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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Transcribed Image Text:Financial Accounting Question:
Nuton Corp.'s stock price at the
end of last year was $135.45.
The
company's earnings
per
share for the last year were
$12.58.
Calculate the company's
P/E
ratio. Round the answer to two
decimal places.
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