Question
A company had sales per share of $35 last year that it is expected to grow by 10% next year. Last year, it generated earnings
A company had sales per share of $35 last year that it is expected to grow by 10% next year. Last year, it generated earnings per share of $2.90. The firms current P/S is 6 times which is expected to continue. What is the expected stock price next year?
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
