You own shares of a company that reported after-tax earnings of $28 million and has issued 13 million shares of stock. The company's stock price is $24.56 per share. Calculate the company's price-earnings (PE) ratio.
You own shares of a company that reported after-tax earnings of $28 million and has issued 13 million shares of stock. The company's stock price is $24.56 per share. Calculate the company's price-earnings (PE) ratio.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You own shares of a company that reported after-tax earnings of $28 million and has issued 13 million shares of stock. The company's stock price is $24.56 per share. Calculate the company's price-earnings (PE) ratio.
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