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Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal listed
Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal listed Noble's capital stock as trading at $81 per share. Noble's price-earnings ratio at year-end was: [a] (the multiple should be expressed as a whole number carried out to one decimal. For example, 8.57 times = 8.6 times. Do not forget to round the decimal.)
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