Summerville Corporation's common stock has a market value of $45.80 per share, and its earnings per share (EPS) is $4.75. Compute Summerville's price-earnings ratio. (Round your answer to 1 decimal place.)

Summerville Corporation's common stock has a market value of $45.80 per share, and its earnings per share (EPS) is $4.75. Compute Summerville's price-earnings ratio. (Round your answer to 1 decimal place.)

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

Please give me true answer this financial accounting question

Summerville Corporation's common stock has a
market value of $45.80 per share, and its earnings
per share (EPS) is $4.75. Compute Summerville's
price-earnings ratio. (Round your answer to 1
decimal place.)

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