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29 October, 23:29

Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10 par stock). The company does not hold any Treasury Stock. The market price per share as of December 31, 2015, was $33.50. Calculate the price-earnings ratio for 2015.

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  1. 29 October, 23:49
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    Earning per share = Net income / Total Stock

    Earning per share = 401000/26700

    Earning per share = 15.019

    Price earning = price per share/EPS

    Price earning = 33.5/15.019

    Price earning = 2.23
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Home » Business » Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10 par stock). The company does not hold any Treasury Stock. The market price per share as of December 31, 2015, was $33.50.
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