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FINANCIAL ACCOUNTING: ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS 85.42 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: ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS 85.42 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
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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FINANCIAL ACCOUNTING: ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS 85.42 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.
Transcribed Image Text:FINANCIAL ACCOUNTING: ROM SPRINGS INC.'S NET INCOME LAST YEAR WAS $275.60 MILLION. THE COMPANY HAS 85.42 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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