Question
In 2014, Pringle Company reported earnings per share of $10.00 when its stock was selling for $260. In 2015, its earnings increased by 14 percent.
In 2014, Pringle Company reported earnings per share of $10.00 when its stock was selling for $260. In 2015, its earnings increased by 14 percent. If all other relationships remain constant, what is the price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
