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Jangles Co
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.)
Expert Solution
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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