Answered: Morgan Financial Inc. has earnings per…

Morgan Financial Inc. has earnings per share (EPS) of $4.25 and a P/E ratio of 14.75. What is the price of the stock? (Round your answer to 2 decimal places.)

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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Question

What is the price of the stock on these financial accounting question?

Morgan Financial Inc. has earnings per share (EPS) of $4.25 and
a P/E ratio of 14.75.
What is the price of the stock? (Round your answer to 2
decimal places.)

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