ook value per share. What will the P/E ratio be? (Do not roune ediate calculations. Round your final answer to 2 decimal times

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Vriend Software Inc's book value per share is $14.80. Earnings per
share is $1.77, and the firm's stock trades in the stock market at 2.5
times book value per share. What will the P/E ratio be? (Do not round
intermediate calculations. Round your final answer to 2 decimal
places.)
P/E ratio
times
Transcribed Image Text:Vriend Software Inc's book value per share is $14.80. Earnings per share is $1.77, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times
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