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Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times A

Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times A

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter13: Earnings Per Share (eps)
Section: Chapter Questions
Problem 2R: Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8%...
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Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earings per share P/E ratio times
Transcribed Image Text:Stilley Corporation had eamings after taxes of $466,000 in 20X2 with 200,000 shares outstanding. The stock price was $49.10. In 20X3, earnings after taxes declined to $236,000 with the same 200,000 shares outstanding. The stock price declined to $35.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earings per share P/E ratio times
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