Vriend Software Inc.'s book value per share is $13.70. Earnings per share is $1.81, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times

Vriend Software Inc.'s book value per share is $13.70. Earnings per share is $1.81, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times

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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Question

Vriend Software Inc.'s book value per share is $13.70. Eamings per share is $1.81, and the firm's stock trades in the stock market at
2.5 times book value per share. What will the P/E ratio be? (Do not round Intermediate calculations. Round your final answer to 2
decimal places.)
P/E ratio
times

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