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Sandhill Limited is a Niagara-on-the-Lake, Ontario-based winery producing blended, premium, and ultra-premium wines, which are sold globally. The compary has a strong distribution netwark in
Sandhill Limited is a Niagara-on-the-Lake, Ontario-based winery producing blended, premium, and ultra-premium wines, which are sold globally. The compary has a strong distribution netwark in Canada through independent retail locations. The following information has been extracted from the comparry's annual report. (a) Calculate Sandhill's price/earnings ratio from 2022 through 2024. (Round answers to 1 decimal place, eg. 15.2) Comment on whether the ratio's trend over this period reflects a compary with higher growth patential or ane that has achieved maturity
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