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Simba Inc. has a price-to-earnings (P/E) ratio of 15.3-to-1. Glendale Corp. has recently reported earnings per share (EPS) of $3.25. What is the price per share of Glendale Corp. according to the comparable multiples approach?

Simba Inc. has a price-to-earnings (P/E) ratio of 15.3-to-1. Glendale Corp. has recently reported earnings per share (EPS) of $3.25. What is the price per share of Glendale Corp. according to the comparable multiples approach?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9DQ: The dividend yield of Suburban Propane Partners, L.P. (SPH) was 7.7% in a recent year, and the...
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Simba Inc. has a price-to-earnings (P/E) ratio of 15.3-to-1. Glendale Corp. has recently reported earnings per share (EPS) of $3.25. What is the price per share of Glendale Corp. according to the comparable multiples approach?
Transcribed Image Text:Simba Inc. has a price-to-earnings (P/E) ratio of 15.3-to-1. Glendale Corp. has recently reported earnings per share (EPS) of $3.25. What is the price per share of Glendale Corp. according to the comparable multiples approach?
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