Solved: Compute chevrons price-earnings ratio for february 28 2011, Accounting Basics

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Compute chevrons price-earnings ratio for february 28 2011

Chevron Corporation is one of the world's largest oil and natural gas companies. The following data were taken from the company's 2010 annual report:

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Required

a. Compute Chevron's price-earnings ratio for February 28, 2011, and March 1, 2010.

b. Did the financial markets appear to be more optimistic about Chevron's future performance on February 28, 2011, or March 1, 2010?

c. Based on the information provided, estimate approximately how many shares of stock Chevron had outstanding as of December 31,2010.

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Accounting Basics: Compute chevrons price-earnings ratio for february 28 2011

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Accounting Basics: Compute chevrons price-earnings ratio for february 28 2011

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