Pacific Technologies reported a net income of $235.60 million last year. The company has 78.25 million shares outstanding and its stock closed at $96.45 per share at year-end. Calculate the company's P/E ratio.

Pacific Technologies reported a net income of $235.60 million last year. The company has 78.25 million shares outstanding and its stock closed at $96.45 per share at year-end. Calculate the company's P/E ratio.

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 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Provide answer general Accounting question

Pacific Technologies reported a net income of $235.60
million last year. The company has 78.25 million shares
outstanding and its stock closed at $96.45 per share at
year-end. Calculate the company's P/E ratio.

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