A firm has just reported net income of 500 million for the, Financial Management

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A firm has just reported net income of 500 million for the

A firm has just reported net income of $500 Million for the latest year. In addition, the firm has outstanding 75 Million shares, each one of which currently trades at $60 per share.

(a) What is the firm’s EPS? Therefore, what is its PE ratio?

(b) What is the firm’s market capitalization? Again find its PE ratio, this time using the market cap and its total earnings (not per share).

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Financial Management: A firm has just reported net income of 500 million for the

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Financial Management: A firm has just reported net income of 500 million for the

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