Ultra Petroleum (UPL) has earnings per share of $1.65 and a P/E ratio of 33.12. What’s the stock price? (Round your answer to 2 decimal places.)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Ultra Petroleum (UPL) has earnings per share of $1.65 and a P/E ratio of 33.12.

What’s the stock price? (Round your answer to 2 decimal places.)

 
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