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

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 rom spring net income last was 275.60 million

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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