Question: FIN 301-02: Basic Financial Management (Spring 2020) Homework: Chapter 4 Homework Score: 0 of 2 pts 7 of 9 (2 complete) HW Sce Problem 4-14

FIN 301-02: Basic Financial Management (Spring 2020) Homework: Chapter 4 Homework Score: 0 of 2 pts 7 of 9 (2 complete) HW Sce Problem 4-14 (similar to) (Market value ratios) Garret Industries has a price/earings ratio of 12.09x a. If Garret's earnings per share is 51.63, what is the price per share of Garret's stock? b. Using the price per share you found in part a, determine the price/book ratio if Garret's equity book value per share is 59.03. a. The price per share of Garret's stockis (Round to the nearest cent)

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