Question
In: Finance
Rockwell Jewelers management has announced that the company had net earnings of $4,496,000 for this year....
Rockwell Jewelers management has announced that the company had
net earnings of $4,496,000 for this year. The company has 3,997,000
shares outstanding, and the year-end stock price is $59.65. What
are Rockwell’s earnings per share and P/E ratio? (Round
answers to 2 decimal places, e.g. 12.25)
| The company’s earnings per share are $ and its P/E ratio is times. |
Solutions
Expert Solution
Earnings per share = Net earnings / Shares outstanding = $4,496,000 / 3,997,000 = $1.12
P/E ratio = Stock price / EPS = $59.65 / $1.12 = 53.03
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