Compute the 2013 P/E ratio for each company. (Round your answers to 1 decimal pl
ID: 2573553 • Letter: C
Question
Compute the 2013 P/E ratio for each company. (Round your answers to 1 decimal place.)
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Marco's Rentals and John's Rentals. are two publicly traded rental companies. They reported the following in their financial statements (in millions of dollars, except per = share amounts and stock prices):
Marco's Rentals
John's Rentals
Compute the 2013 ROE for each company. Express ROE as a percentage. (Do not round your intermediate calculations. Round your answers to 1 decimal place.)
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Compute the 2013 P/E ratio for each company. (Round your answers to 1 decimal place.)
Explanation / Answer
Q-1 ROE =Net Income/Average stock holder's equity Macro's Rental =120/((1119+1158)/2)% 10.54018 John's Rental =127/((1321+1281)/2)% 9.761722 Q-2 P/E Ratio =Stock Price/Earning per share Macro's Rental =27.82/1.58 17.60759 John's Rental =30.72/2.33 13.18455
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