The Sleeping Flower Co. has earnings of $1.66 per share. 1. If the benchmark PE for the company is 23, how much will you pay for the stock? (Do not round intermediate calculations. Round the answer to 2 decimal places.) 2. If the benchmark PE for the company is 26, how much will you pay for the stock? (Do not round intermediate calculations. Round the answer to 2 decimal places.)
The Sleeping Flower Co. has earnings of $1.66 per share. 1. If the benchmark PE for the company is 23, how much will you pay for the stock? (Do not round intermediate calculations. Round the answer to 2 decimal places.) 2. If the benchmark PE for the company is 26, how much will you pay for the stock? (Do not round intermediate calculations. Round the answer to 2 decimal places.)
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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Transcribed Image Text:The Sleeping Flower Co. has earnings of $1.66 per share.
1. If the benchmark PE for the company is 23, how much will you pay
for the stock? (Do not round intermediate calculations. Round the
answer to 2 decimal places.)
2. If the benchmark PE for the company is 26, how much will you pay
for the stock? (Do not round intermediate calculations. Round the
answer to 2 decimal places.)
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