Logan Enterprises has a market value of $140.42 billion and is currently trading for $36.68 per share. Earnings per share for the year were $7.11 and depreciation per share was $9.08. Logan Enterprises had a debt to equity ratio of 8 and had earnings growth of 2.76 percent. What is the price to cash flow ratio for HSB?

Answer should be formatted as a number with 2 decimal places (e.g. 99.99).

Question 31

Logan Corp is currently trading for $54.99 per share and recently reported $2.85 earnings per share. In two years, you expect the price to be $56.30 and the earnings per share to be $2.94. What is the implied percent change in the P/E ratio given your forecast?

Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).