The price-earnings ratio of McDonnell Douglas (aircraft builder) was 5 , and the price-earnings ratio of Microsoft

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The price-earnings ratio of McDonnell Douglas (aircraft builder) was 5 , and the price-earnings ratio of Microsoft (computer software) was 43 . Which company did the stock market favor? Explain.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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