(Learning Objective 4: Computing EPS and the price/earnings ratio) The annual report of Tri-State Cars, Inc., for...
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(Learning Objective 4: Computing EPS and the price/earnings ratio) The annual report of Tri-State Cars, Inc., for the year ended December 31, 20X6, included the following items (in millions):
❙ Requirements 1. Compute earnings per share (EPS) and the price/earnings ratio for Tri-State Cars’ shares.
Round to the nearest cent. The price of a share of Tri-State Car shares is $57.12.
2. How much does the stock market say $1 of Tri-State Cars’ net income is worth?
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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