Question
Stilley Corporation had earnings after taxes of $444,000 in 2013 with 240,000 shares outstanding. The stock price was $43.60. In 2014, earnings after taxes declined
Stilley Corporation had earnings after taxes of $444,000 in 2013 with 240,000 shares outstanding. The stock price was $43.60. In 2014, earnings after taxes declined to $252,000 with the same 240,000 shares outstanding. The stock price declined to $29.80. a. Compute earnings per share and the P/E ratio for 2013. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share $ P/E ratio times b. Compute earnings per share and the P/E ratio for 2014. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share $ P/E ratio times
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