What is the calculation for the P/E Ratio? Do not use excel. Thank you ...
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What is the calculation for the P/E Ratio? Do not use excel. Thank you
Dungeoness Corporation has excess cash of $2,300 that it would like to distribute to shareholders through a share repurchase. Current earnings are $1.3 per share, and the stock currently sells for $28 per share. There are 180 shares outstanding. Ignore taxes and other imperfections. If Dungeoness Corp. goes with the share repurchase, what will the price per share be? How many shares will they buy in the repurchase? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES. Price per share = Your response Correct response 28 28 Grade: 1/1.0 Number of shares repurchased = Correct response Your response 82.14 82.14+0.01 Grade: 1/1.0 Earnings per Share = Your response Correct response 2.39 2.39+0.01 Grade: 1/1.0 Price earnings (P/E) ratio = Your response 34.37 Correct response 11.710.3 + Grade: 0/1.0
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