Zeta Dynamics has net earnings of $410,000, 95,000 sharesoutstanding, and a P/E ratio of 19.5.What is the stock price?a) $90.65b) $84.10c) $85.45d) $89.34

To calculate the stock price, we use the Price-to-Earnings (P/E) ratio formula: Stock Price=P/E…

Answered: Zeta Dynamics has net earnings of…

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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Zeta Dynamics has net earnings of $410,000, 95,000 shares outstanding, and a P/E ratio of 19.5. What is the stock price? a) $90.65 b) $84.10 c) $85.45 d) $89.34