Suppose you own stock in Beach Front Resort Inc. which had earnings of $2.09 per share last year. If yesterday's closing price was $57.83, what is the price-earnings ratio of the stock?

PREALGEBRA
15th Edition
ISBN:9781938168994
Author:OpenStax
Publisher:OpenStax
Chapter5: Decimals
Section5.6: Ratios And Rate
Problem 485E: Would you prefer the ratio of your income to your friend's income to be 3/1 or 1/3? Explain your...
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Suppose you own stock in Beach Front Resort Inc. which had earnings of $2.09 per share last year. If yesterday's closing price was $57.83, what is the price-earnings ratio of the stock?
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