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The annual report of Fasttrack Cars Inc. for the year ended December 31, 20XX, included the items shown (in thousands). Requirement 1. Compute earnings per
The annual report of Fasttrack Cars Inc. for the year ended December 31, 20XX, included the items shown (in thousands). Requirement 1. Compute earnings per share (EPS) and the price/earnings ratio for Fasttrack Cars's common shares. Round to the nearest cent. The price of a common share of Fasttrack Cars is $78.00. (Enter amounts in millions as provided in the problem statement. Round your answer to the nearest cent.) You will now calculate the price/earnings (P/E) ratio. (Round your answers to two decimal places.) Requirement 2. How much does the stock market say \$1 of Fasttrack Cars's net income is worth? (Round your answer to the nearest cent.) Amount stock market says that $1 of Fasttrack Cars's net income is worth: Annual report
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