Greenfield Industries reported earnings per share of $8 in 2024 and paid dividends of $2.50 per share. The current market price per share is $96 and the book value per share is $60. Calculate Greenfield Industries' price-earnings ratio.

Greenfield Industries reported earnings per share of $8 in 2024 and paid dividends of $2.50 per share. The current market price per share is $96 and the book value per share is $60. Calculate Greenfield Industries' price-earnings ratio.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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