Question
( Market-value ratios ) Garret Industries has a price/earnings ratio of 15.48X. a. If Garret's earnings per share is $1.25, what is the price per
(Market-value ratios) Garret Industries has a price/earnings ratio of 15.48X.
a. If Garret's earnings per share is $1.25, what is the price per share of Garret's stock?
b. Using the price per share you found in part a, determine the price/book ratio if Garret's equity book value per share is $9.44.
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