Market-value ratios garret industries has a priceearnings, Finance Basics

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Market-value ratios garret industries has a priceearnings

Question: (Market-value ratios) Garret Industries has a price/earnings ratio of 16.29X.

a. If Garret's earnings per share are $1.35, what is the price per share of Garret's stock?

b. Using the price per share you found in part (a), determine the price/book ratio if Garret's equity-book value per share is $9.58.

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