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D Take a Test - Oshayne Whittingham -Google Chrome Secure https//www.mathxLcom/Student/PlayerTest.aspx?testid: 174196155Acenteri.inayes Principles of Business Finance oshay Test: Exam 3 This Question: 1 pt 16 of 60 This Test: 60 pts The retail analyst at Morgan- Sachs values stock of the GAP at $38.00 per share They are using the average industry Yonward" PIE ratio ot 17. The forecasted earmings per share for next year is A. $0.54 O B. $224 O C. $1.50 O D. There is not enough inlormation calculate samings per share Click to setect your answer

Explanation / Answer

Price earnings ratio = Market price per share/Earnings per share

17 = $38/Earnings per share

Earnings per share = $38/17

= $2.24

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