In 2012, Rec Room Sports reported earnings per share of $8.50 when its stock price was $212.50.

profilerubyCpaMba
 (Not rated)
 (Not rated)
Chat

In 2012, Rec Room sports reported earnings per share of $8.50 when its stock price was $212.50.  In 2013, its earnings increased by 20%.  If the P/E ratio remains constant, what is likely to be the price of the stock?  Explain.

    • 10 years ago
    Rec Room Sports__ correct w/ Solutions! Use it as a GUIDE !
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      rec_room_--_m11-15_pe_ratio.xlsx