Question: Pricing Multiples: General Mills, Inc. (Medium) General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a net profit

Pricing Multiples: General Mills, Inc. (Medium)

General Mills, the consumer foods company, traded at 1.6 times sales in 2008. It was reporting a net profit margin on its sales of 9.5 percent. What was its P/E ratio?

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