Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported
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Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $4,850,000 and has issued 3,500,000 shares of common stock. The stock is currently selling for $32 a share. (Obj. 3)
a. Calculate the earnings per share for National Computers.
b. Calculate the price-earnings (PE) ratio for National Computers.
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