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

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?
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