Eastern's shares are selling for $15. It had profit of $300,000, weighted average common shares of 100,000.

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Eastern's shares are selling for $15. It had profit of $300,000, weighted average common shares of 100,000. What is Eastern's price-earnings ratio?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 29, 2024 02:09 AM

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Eastern's shares are selling for $15. It had profit of $300,000, weighted average common shares of 100,000.

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Easterns pricetoearnings PE ratio is 10 Heres the calculation Earnings per share E... View the full answer

Fundamentals of Corporate Finance

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