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Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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General accounting
![Calculate the estimated price per share using the P/E multiples
approach if a company has a P/E ratio of 15.5, total earnings of
$825,000, and 150,000 shares outstanding.](https://content.bartleby.com/qna-images/question/ec1340a9-7911-4e77-a188-997720a7b8d5/20a97857-c35d-4637-ae07-c237d524dfe5/tfr9csn_thumbnail.jpeg)
Transcribed Image Text:Calculate the estimated price per share using the P/E multiples
approach if a company has a P/E ratio of 15.5, total earnings of
$825,000, and 150,000 shares outstanding.
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