1- Use the information in the following stock quote to calculate Abercrombie & F

Question

1- Use the information in the following stock quote to calculate Abercrombie & Fitch’s earnings per share over the last year. (Round your answer to 2 decimal places. (e.g., 32.16))

2- Use the information in the following stock quote to calculate McKesson’s earnings per share over the last year. (Round your answer to 2 decimal places. (e.g., 32.16))

Earnings per share se the information in the following stock quote to calculate Abercrombie & Fitch's earnings per share over the last year. (Round your answer to 2 decimal places. (e.g., 32.16)) SymbolOpen 38.89 Close Net Chg %Chg 38.60 Volume 2,324,747 (10) 52 Week High 52.12 52 Week Low 29.76 (12) Div 0.80 Yield 2.07 (14) PE 56.29 (15) YTD %Chg 7.79 Abercrombie & Fitch ANF 39.41 38.20 -3.28 armings per share

Explanation / Answer

1. We use the closing price and the PE ratio to calucalte the Earnings per sahre (EPS).

P/E ratio = price / EPS

Hence, EPS = Price / (P/E ratio) = 38.60 / 56.29 = 0.69

2. Similarly, for McKesson,

EPS = Price / (P/E ratio) = 60.60 / 23 = 2.63

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