Find the required ratios. The P/E ratio (price-to-earnings ratio) of a companys stock is the ratio of
Question:
Find the required ratios. The P/E ratio (price-to-earnings ratio) of a company’s stock is the ratio of the price of the stock to the company’s earnings (or profits) per share of stock, both measured in dollars. Find the P/ E ratio of a stock that sells for $17.59 and has an earnings of $0.76 per share
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Step by Step Answer:
To find the PE ratio of the stock we need to divide the price per share by the e...View the full answer
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Related Book For 
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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