Suppose the EPS of Apple Inc. stock was $3 and the current price per earnings ratio is 15. What is the current price of Apple Inc. stock? A) $30 B) $35 C) $45 D) $50 E) Cannot compute with given information

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
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Suppose the EPS of Apple Inc. stock was
$3 and the current price per earnings
ratio is 15. What is the current price of
Apple Inc. stock?
A) $30
B) $35
C) $45
D) $50
E) Cannot compute with given
information
Transcribed Image Text:Suppose the EPS of Apple Inc. stock was $3 and the current price per earnings ratio is 15. What is the current price of Apple Inc. stock? A) $30 B) $35 C) $45 D) $50 E) Cannot compute with given information
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