Answered step by step
Verified Expert Solution
Question
1 Approved Answer
OrioleJewelers management announced that the company had net earnings of $4,954,000for this year. The company has3,757,000shares outstanding, and the year-end stock price is $48.69. What
OrioleJewelers management announced that the company had net earnings of $4,954,000for this year. The company has3,757,000shares outstanding, and the year-end stock price is $48.69. What areOriole's earnings per share and P/E ratio?(Round answers to 2 decimal places, e.g. 12.25)
Earnings per share $__________
P/E ratio ____________times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started