XyloTech Inc. has net earnings of $525,000 and 110,000 shares outstanding. The company's price-to-earnings (P/E) ratio is 16.8. What is the current stock price? a) $80.14 b) $75.40 c) $82.90 d) $79.92

XyloTech Inc. has net earnings of $525,000 and 110,000 shares outstanding. The company's price-to-earnings (P/E) ratio is 16.8. What is the current stock price? a) $80.14 b) $75.40 c) $82.90 d) $79.92

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

What is the current stock price? Accounting question

XyloTech Inc. has net earnings of $525,000 and 110,000 shares
outstanding. The company's price-to-earnings (P/E) ratio is 16.8.
What is the current stock price?
a) $80.14
b) $75.40
c) $82.90
d) $79.92

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