Galaxy Tech's stock price at the end of the recent fiscal year was $87.45. The company reported earnings per share of $5.15 for the year. Calculate the company's P/E ratio, rounded to two decimal places.

Galaxy Tech's stock price at the end of the recent fiscal year was $87.45. The company reported earnings per share of $5.15 for the year. Calculate the company's P/E ratio, rounded 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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Subject: general accounting question

Galaxy Tech's stock price at the end of the recent fiscal year was $87.45. The
company reported earnings per share of $5.15 for the year. Calculate the
company's P/E ratio, rounded to two decimal places.

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