Bremmer Industries has a price/ earnings ratio of 16.29X. a. If Bremmers earnings per share are $

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Bremmer Industries has a price/ earnings ratio of 16.29X.
a. If Bremmer’s earnings per share are $ 1.35, what is the price per share of Bremmer’s stock?
b. Using the price per share you found in part (a), determine the price/ book ratio if Bremmer’s equity book value per share is $ 9.58.
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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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