Today the common stock of Gamma Technology closed at US$24.60 per share, down US$0.35 from yesterday. If

Question:

Today the of Gamma Technology closed at US$24.60 per share, down US$0.35 from yesterday. If the company has 4.6 million shares outstanding and annual earnings of US$11.2 million, what is its P/E ratio today? What was its P/E ratio yesterday?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...