Question
A company has a P/E ratio of 19.7. Their current share price is $23.13 and their most recent Net Income is $18,000. How many shares
A company has a P/E ratio of 19.7. Their current share price is $23.13 and their most recent Net Income is $18,000. How many shares are outstanding? (Show all the work).
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Solution Computation of the Outstanding Shares PE Ratio Price Per Share Earning Per Share ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
