Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Financial accounting question
Transcribed Image Text:General Mills, the consumer foods company, traded at 1.6
times sales in 2008. It was reporting a net profit margin on its
sales of 9.5 percent.
What was its P/E ratio?
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