Question
LDG Corp. has 2 million shares outstanding and the stock is trading at $75 per share. The company's most recent earnings per share is $5
LDG Corp. has 2 million shares outstanding and the stock is trading at $75 per share. The company's most recent earnings per share is $5 and the value of total shareholder equity on the balance sheet is $50 million.
What is LDG's P/E ratio?
Step by Step Solution
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Step: 1
The PriceEarnings PE ratio is calculated by dividing the market ...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
