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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Market-value ratios) Garret Industries has a price/earnings ratio of 16.29X.
a. If Garret’s earnings per share are $1.35, what is the price per share of Garret’s stock?
b. Using the price per share you found in part (a), determine the price/book ratio if Garret’s equity-book value per share is $9.58.
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