Question
ZIPBIT common stock is selling at a P/E of 11.7 times trailing earnings. The stock price is $13.13. What were the firm's earnings per share?
ZIPBIT common stock is selling at a P/E of 11.7 times trailing earnings. The stock price is $13.13. What were the firm's earnings per share?
The firm's earnings per share (EPS) is ?
**** THE PE RATIO isnt equating to what it should be so i'm confused where im going wrong here. ****
* EPS = S.P / PE = 13.13 / 11.7 = 1,1
*PE = S.P / EPS = 13.13/1.1 = 11.9
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
