Harrison Corp. reported earningsper share (EPS) of $15 in 2022and paid dividends of $4 pershare. The current market priceper share is $90, and the bookvalue per share is $65.What is Harrison Corp.'s price-earnings ratio (P/E ratio)?

Step 1: Understand the P/E Ratio Formula The price-earnings ratio (P/E ratio) is a financial metric…

Answered: Harrison Corp. reported earnings per…

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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Harrison Corp. reported earnings per share (EPS) of $15 in 2022 and paid dividends of $4 per share. The current market price per share is $90, and the book value per share is $65. What is Harrison Corp.'s price- earnings ratio (P/E ratio)?