The market price per share of a stock is $45.00,and the earnings per share (EPS) is $1.80.What is the price-earnings ratio?

The price-earnings (P/E) ratio is calculated using the formula: P/E=Market Price per Share/Earnings…

Answered: The market price per share of a stock…

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 78E: Ratio Analysis Consider the following information. Required: Calculate the stockholder payout...

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The market price per share of a stock is $45.00, and the earnings per share (EPS) is $1.80. What is the price-earnings ratio?