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As a shareholder of an oil company, you receive its annual report. In the financial statements, the firm reported assets of $ 8 million, liabilities
As a shareholder of an oil company, you receive its annual report. In the financial statements, the firm reported assets of $ million,
liabilities of $ million, aftertax earnings of $ million, and outstanding shares of common stock.
a Calculate the earnings per share of this oil company's common stock. Round your answer to decimal places. Omit the $ sign
in your response.
Earnings per share $
b Assuming a share of this oil company's common stock has a market value of $ what is the firm's priceearnings ratio? Round
your intermediate calculations to decimal places and final answer to the nearest whole number.
Priceearnings ratio
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