The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Required:

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The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows:


Required:
Compute the price-earnings ratio. (Note: Round the answer to two decimal places.)

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Managerial Accounting The Cornerstone Of Business Decision Making

ISBN: 9780357715345

8th Edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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