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Shaz company's (SHZ) stock is currently priced at $55.00 per share. During the latest 12 months, the company made $280.0 million in reported net
Shaz company's (SHZ) stock is currently priced at $55.00 per share. During the latest 12 months, the company made $280.0 million in reported net income and generated reported earnings per share of $5.00. During the latest 12 months SHZ incurred $40.0 million of extraordinary, non-recurring expenses on a pre tax basis. Assuming the company has a 30% tax rate, what is SHZ's implied LTM price to earnings ratio on an adjusted basis after removing the impact of the extraordinary, non recurring expenses?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
