In 2013, Rec Room Sports reported earnings per share of $8.50 when its share price was $212.50. In 2014, its earnings increased by 20 percent. If the P/E ratio remains constant, what is the price of the shares? Explain.
In 2013, Rec Room Sports reported earnings per share of $8.50 when its share price was $212.50. In 2014, its earnings increased by 20 percent. If the P/E ratio remains constant, what is the price of the shares? Explain.
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Related Book For 
Fundamentals of Financial Accounting
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
ISBN: 978-1259103292