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Use attachment to answer the following If price-to-book ratio at the end of 2005 equals 1.00, then PE ratio at end of 2004 equals (pick closest number):  a) 4.19 b) 8.38 c) 4.78

Use attachment to answer the following If price-to-book ratio at the end of 2005 equals 1.00, then PE ratio at end of 2004 equals (pick closest number):  a) 4.19 b) 8.38 c) 4.78

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use attachment to answer the following

If price-to-book ratio at the end of 2005 equals 1.00, then PE ratio at end of 2004 equals (pick closest number): 


a) 4.19
b) 8.38
c) 4.78
d) Not determinable
American Corporation reports the following: Earnings per share Dividends per share Book value per share- at the end of the year 2005 $1.80 $0.72 $8.62
Transcribed Image Text:American Corporation reports the following: Earnings per share Dividends per share Book value per share- at the end of the year 2005 $1.80 $0.72 $8.62
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