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(Market-value ratios) Garret Industries has a price/earnings ratio of 14.8X. a. If Garret's earnings per share is $1.15, what is the price per share of

(Market-value ratios) Garret Industries has a price/earnings ratio of 14.8X.

a. If Garret's earnings per share is $1.15, 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 $9.36 . image text in transcribed

(Market value ratios) Garret Industries has a pricelearnings ratio of 14.84X. a. If Garret's earnings per share is $1.15, 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 $9.36. a. The price per share of Garret's stock is $ (Round to the nearest cent.)

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