Question: Requirement 3 . What do these results mean when evaluating ShineShine ' s Companies ' profitability? ( Assume the following industry averages: EPS = $

Requirement 3. What do these results mean when evaluating
ShineShine's
Companies' profitability? (Assume the following industry averages: EPS= $0.25, price/earnings ratio=9.3.)
ShineShine's
Companies' price/earnings ratio for
20242024
means that the company's stock is selling at
$0.36.
This is
normal.
This indicates that investors are paying a
lower
price for the stock compared to its earnings,
which is less than
the industry average.

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