The price-earnings ratio of General Motors (USA) (auto-mobile builder) was 8, and the price-earnings ratio of Microsoft

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The price-earnings ratio of General Motors (USA) (auto-mobile builder) was 8, and the price-earnings ratio of Microsoft (USA) (computer software) was 38. Which company did the securities market favor? Explain.

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

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

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