46.

06 Danaher Carp reported the following financial information at year-end 2018: Other Data (in Millions) Stock Dividends $426.00 Shares Outstanding 355.0 Stockholder's Equity $14,200 Income Statement (in Millions Ner Sales $6,800 Less: Operating Expenses $4.550 Earnings Before Taxes $2,250 Less: Taxes S 175 Net Earnings $1,775 a Calculate the P/E ratio of Danaher? Show all work (2 points). Year-End Stock Price $60.00 per share 6. Calculate the price-to-book value ratio of Danaher (2 points). c Calculate the dividend yield of Danaher? Show all work (2 points. d. If other companies in Danaher's industry have a P/E ratio and price-to-book value ratio that are higher than Danaher's, does Danaher thus represent a good value? Why or why not? Explain [3 points). Describe Benjamin Graham's "margin of safety" concept with regards to investment in any type of security (bonds or common stocks). Provide an example (5 points)