E74 Today the common stock of Gresham Technology closed at $24.60 per share, down $0.35 from yesterday.

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E7–4 Today the common stock of Gresham Technology closed at $24.60 per share, down

$0.35 from yesterday. If the company has 4.6 million shares outstanding and annual earnings of $11.2 million, what is its P/E ratio today? What was its P/E ratio yesterday?

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Principles Of Managerial Finance

ISBN: 9780133546408

7th Edition

Authors: Lawrence J Gitman, Chad J Zutter

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