Ratio analysis. (LO 3) Earnings for Archibold Company have been fairly constant over the past 6 months,
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Ratio analysis. (LO 3)
Earnings for Archibold Company have been fairly constant over the past 6 months, but the \(\mathrm{P} / \mathrm{E}\) ratio has been climbing steadily. How do you account for this climb? What does it tell you about the market's view of the company's future?
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