Danaher Corp reported the following financial information at year-end 2016: Inco

Question

Danaher Corp reported the following financial information at year-end 2016:

         Income Statement (in Millions)                            Other Data (in Millions)

         Net Sales $6,800 Stock Dividends $353.00

         Less: Operating Expenses     $4,550                    Shares Outstanding         441.25

         Earnings Before Taxes   $2,250                   

         Less: Taxes $   785                     Year-End Stock Price      $60.00 per share

         Net Earnings $1,765

What is the P/E ratio of Danaher? [Type in your answer to the nearest 10th].

Explanation / Answer

Price per earning ratio = price per share / earnings per share

earnings per share = 1765/441.25 = 4

price per earnings = 60/4 = 15

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