Question
Windswept, Inc. has 8 million shares of stock outstanding. Its net income is $3.7 million. Its current price-earnings ratio is 7.6. What is the market
Windswept, Inc. has 8 million shares of stock outstanding. Its net income is $3.7 million. Its current price-earnings ratio is 7.6. What is the market price per share of stock?
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Answer i Number of shares outstanding 8000000 Net Income 3700000 Current priceearnings ratio ...
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
