Information for BlueStar Corporation as of December 31, 2024, is as follows: ⚫ Book value per share = $30.00 ⚫ Dividends per share = $1.50 ⚫ Earnings per share = $5.00 • • Par value per share = $5.00 ⚫ Market price per share = $40.00 What is BlueStar Corporation's price/earnings ratio for 2024? a. 6.0 b. 8.0 c. 10.0 d. 20.0

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Information for BlueStar Corporation as of December 31, 2024, is as follows:
⚫ Book value per share = $30.00
⚫ Dividends per share = $1.50
⚫ Earnings per share = $5.00
•
•
Par value per share = $5.00
⚫ Market price per share = $40.00
What is BlueStar Corporation's price/earnings ratio for 2024?
a. 6.0
b. 8.0
c. 10.0
d. 20.0
Transcribed Image Text:Information for BlueStar Corporation as of December 31, 2024, is as follows: ⚫ Book value per share = $30.00 ⚫ Dividends per share = $1.50 ⚫ Earnings per share = $5.00 • • Par value per share = $5.00 ⚫ Market price per share = $40.00 What is BlueStar Corporation's price/earnings ratio for 2024? a. 6.0 b. 8.0 c. 10.0 d. 20.0
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