In 2013, Rec Room Sports reported earnings per share of $8.50 when its share price was $212.50.

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In 2013, Rec Room Sports reported earnings per share of $8.50 when its share price was $212.50. In 2014, its earnings increased by 20 percent. If the P/E ratio remains constant, what is the price of the shares? Explain.

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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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Question Posted: Dec 13, 2017 02:44 AM

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In 2013, Rec Room Sports reported earnings per share of $8.50 when its share price was $212.50.

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Fundamentals of Financial Accounting

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