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Summit Corp. has an earnings per share (EPS) of $15. The stock is currently selling for $180 per share. What is the price/earnings ratio?

Summit Corp. has an earnings per share (EPS) of $15. The stock is currently selling for $180 per share. What is the price/earnings ratio?

Cornerstones of Financial Accounting
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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Summit Corp. has an earnings per share (EPS) of $15. The stock is currently selling for $180 per share. What is the price/earnings ratio?
Transcribed Image Text:Summit Corp. has an earnings per share (EPS) of $15. The stock is currently selling for $180 per share. What is the price/earnings ratio?
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