Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times A
Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Complete a and b please and thank you
Transcribed Image Text:Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In
20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30.
a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to
2 decimal places.)
Earnings per share
P/E ratio
times
b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to
2 decimal places.)
Earings per share
P/E ratio
times
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