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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 32
Inferring Financial Information Using the P/E Ratio
In 2012, Rec Room Sports reported earnings per share of $8.50 when its stock price was $212.50. In 2013, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the stock Explain
In 2012, Rec Room Sports reported earnings per share of $8.50 when its stock price was $212.50. In 2013, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the stock Explain
Explanation
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The price of stock for 2013 should be co...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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