Question: connect. ACCOUNTING Chapter 11 Assignment Question 4 (of 4 value 10.00 points Last year, Rec Room Sports reported earnings per share of $8.70 when its

connect. ACCOUNTING Chapter 11 Assignment Question 4 (of 4 value 10.00 points Last year, Rec Room Sports reported earnings per share of $8.70 when its stock price was $234.90. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.) Price of the stock eBook &Resources Type here to search

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