Question
Compare the price-to-earnings (P/E) ratios of Tesla, Inc. and General Motors Company based on the following financial data: Item Tesla, Inc. General Motors Company Market
Compare the price-to-earnings (P/E) ratios of Tesla, Inc. and General Motors Company based on the following financial data:
Item | Tesla, Inc. | General Motors Company |
Market Price per Share | $500.00 | $60.00 |
Earnings per Share | $5.00 | $6.00 |
Question:
Which company has a higher price-to-earnings (P/E) ratio? Calculate the P/E ratio for each company and compare.
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
