Shaz company's (SHZ) stock is currently priced at $55.00 per share. During the latest 12 months,...
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Shaz company's (SHZ) stock is currently priced at $55.00 per share. During the latest 12 months, the company made $280.0 million in reported net income and generated reported earnings per share of $5.00. During the latest 12 months SHZ incurred $40.0 million of extraordinary, non-recurring expenses on a pre tax basis. Assuming the company has a 30% tax rate, what is SHZ's implied LTM price to earnings ratio on an adjusted basis after removing the impact of the extraordinary, non recurring expenses? Shaz company's (SHZ) stock is currently priced at $55.00 per share. During the latest 12 months, the company made $280.0 million in reported net income and generated reported earnings per share of $5.00. During the latest 12 months SHZ incurred $40.0 million of extraordinary, non-recurring expenses on a pre tax basis. Assuming the company has a 30% tax rate, what is SHZ's implied LTM price to earnings ratio on an adjusted basis after removing the impact of the extraordinary, non recurring expenses?
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To calculate the implied LTM price to earnings ratio on an adjusted basis we need to adjust the repo... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
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