Pacific Tech Corporation reported the following financial information: . Net Income: $425.60 million Total Shares Outstanding: 82.50 million . Current Stock Price: $98.75 Calculate the company's P/E ratio, rounded to two decimal places.
Pacific Tech Corporation reported the following financial information: . Net Income: $425.60 million Total Shares Outstanding: 82.50 million . Current Stock Price: $98.75 Calculate the company's P/E ratio, rounded to two decimal places.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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General Accounting question

Transcribed Image Text:Pacific Tech Corporation reported the following financial
information:
.
Net Income: $425.60 million
Total Shares Outstanding: 82.50 million
. Current Stock Price: $98.75
Calculate the company's P/E ratio, rounded to two decimal
places.
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