Ultra Petroleum (UPL) has earnings per share of $1.57 and a P/E ratio of 32.96. What's the stock price? Note: Round your answer to 2 decimal places. Stock price

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 2MAD
Question
Ultra Petroleum (UPL) has earnings per share of $1.57 and a P/E ratio of 32.96.
What's the stock price?
Note: Round your answer to 2 decimal places.
Stock price
Transcribed Image Text:Ultra Petroleum (UPL) has earnings per share of $1.57 and a P/E ratio of 32.96. What's the stock price? Note: Round your answer to 2 decimal places. Stock price
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