Gap reported the following number($ million) for the year ended Jan 30, 2016 Rat

Question

Gap reported the following number($ million) for the year ended Jan 30, 2016

Ratio                                                                Value

Net Income                                                         920

Share 0/s                                                             397

(millions)                                   

Stock Price                                                          $23.71

Calculate the company's Market to Book Ratio

Calculate the Company's Earnings Per Share in $

Calculate the Company's P E Ratio

Give your answer to 2 decimals

Explanation / Answer

Earnings Per Share = Net income/average outstanding shares

=920/397 = 2.13

P/E ratio = Market price per share/earning per share

=23.71/2.13= 11.13

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