Michelle townsend owns stock in national computers based on, Ask an Expert

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Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $6,572,000 and has issued 2,120,000 shares of common stock. The stock is currently selling for $43 a share.

a. Calculate the earnings per share for National Computers. (Round your final answer to 2 decimal places.)

Earnings per share $

b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your final answer to 2 decimal places.)

Price-earnings ratio

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92858821

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