Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

The firm has a Market Capitalization of $721.7million with 22.7 million shares outstanding. The firm's most recent earnings were $72.2 million. Calculate the firm's P/E

The firm has a Market Capitalization of $721.7million with 22.7 million shares outstanding. The firm's most recent earnings were $72.2 million. Calculate the firm's P/E ratio.

Post your answer to 1 decimal place, 9.6 for example.

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

Recommended Textbook for

Unretirement How Baby Boomers Are Changing The Way We Think About Work Community And The Good Life

Authors: Chris Farrell

1st Edition

1632863235,1620401584

More Books

Students also viewed these Finance questions

Question

★★★★★

Carina buys two goods, food F and clothing C, with the utility function U = FC + F. Her marginal utility of food is MUF = C + 1 and her marginal utility of clothing is MUC = F. She has an income of...

Answered: 1 week ago

Question

★★★★★

1. In which of the following cases would a representative have the best chance of getting the IRS to cancel or discontinue an audit? A.. When the issues raised in the current audit were raised in an...

Answered: 1 week ago

Question

★★★★★

=+ b. Apartment rents have risen dramatically this year. Since rent absorbs a major part of her income, Delia moves to a smaller apartment. Assume that rental housing is a normal good.

Answered: 1 week ago

Question

★★★★★

On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: On June 30, prior to...

Answered: 1 week ago

Question

★★★★★

The firm has a Market Capitalization of $721.7million with 22.7 million shares outstanding. The firm's most recent earnings were $72.2 million. Calculate the firm's P/E ratio. Post your answer to 1...

Answered: 1 week ago

Question

★★★★★

What is the critical path of the project? 0 B-E-F-G O s-c-c Q A-D~G If you wanted to shorten the overall duration of the project. which activity would you crash first? or; What would be the weekly...

Answered: 1 week ago

Question

★★★★★

Five mutually exclusive cost alternatives have a 6-year useful life and no salvage value. The equivalent AW for each a shown in the table below. The MARR is 6%. Which alternative should be selected?...

Answered: 1 week ago

Question

★★★★★

An electric field with magnitude 500,000 N/C causes a point charge to hang at the angle 3 as shown in the figure below. If the charge has a mass of 2.00 g and a charge of +250 nC, what is the angle 6...

Answered: 1 week ago

Question

★★★★★

SALES REVENUE When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p= -6x +100. a. Express the revenue function R(x) as a...

Answered: 1 week ago

Question

★★★★★

Penn Corporation purchased 80 percent ownership of State Company on January 1, 20X2, at underlying book value. At that date, the fair value of the noncontrolling Interest was equal to 20 percent of...

Answered: 1 week ago

Question

★★★★★

Question: Question (E): Irrationality With Prime Factorization (15 Pts) Use A Proof By Contradiction Which Involves The Unique Prime

Answered: 1 week ago

Previous Question Next Question