Kroger, a grocery store chain, recently had a price-earnings ratio of 7.6, while the average price-earnings ratio

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Kroger, a grocery store chain, recently had a price-earnings ratio of 7.6, while the average price-earnings ratio in the grocery store industry was 18.6. What might explain this difference?

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Financial Accounting

ISBN: 9781337913102

16th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Jun 13, 2022 04:10 AM

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Kroger, a grocery store chain, recently had a price-earnings ratio of 7.6, while the average price-earnings ratio

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The total comes to 45255 Divide this by seven and you get 6465the average current PE ra...View the full answer

Financial Accounting

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