Suppose you own stock in the Silverstone Technologies, which had earnings of $1.20 per share last year. If yesterday's closing price was $50.45, what is the price-earnings ratio of the stock?

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 2MAD
icon
Related questions
Question

What is the price earnings ratio of this financial accounting question?

Suppose you own stock in the Silverstone Technologies, which had
earnings of $1.20 per share last year. If yesterday's closing price was
$50.45, what is the price-earnings ratio of the stock?
Transcribed Image Text:Suppose you own stock in the Silverstone Technologies, which had earnings of $1.20 per share last year. If yesterday's closing price was $50.45, what is the price-earnings ratio of the stock?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning