Answered: Glendale Foods, a consumer packaged…

Glendale Foods, a consumer packaged goods company, traded at 2.1 times sales in 2012. It was reporting a net profit margin on its sales of 8.2 percent. What was its P/E ratio?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

100%

Please show me how to solve this financial accounting problem using valid calculation techniques.

Glendale Foods, a consumer packaged goods
company, traded at 2.1 times sales in 2012. It
was reporting a net profit margin on its sales
of 8.2 percent.
What was its P/E ratio?

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