Talking Puppet Company reported a P/E ratio of 50 on the last day of the fiscal year.

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Talking Puppet Company reported a P/E ratio of 50 on the last day of the fiscal year. If the company reported earnings of $\$ 2.50$ per share, how much was a share of the company's stock trading for at that time?

a. $\$ 20$ per share

b. $\$ 125$ per share

c. $\$ 50$ per share

d. $\$ 47.50$ per share

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 06, 2024 01:17 AM

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Talking Puppet Company reported a P/E ratio of 50 on the last day of the fiscal year.

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Financial Accounting

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