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Jangles Co

Business

Jangles Co. earned $1.80 per share. Assuming a closing price of $40, what is the PE ratio? (Round your answer to the nearest whole number.) 
 

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Computation of PE Ratio:

PE Ratio = Market price per share/Earning per share

= $40/$1.80 

PE Ratio = 22.22

 

SO, PE Ratio is 22.22

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