Homework hmwk 5 Score 0 of 1 pt Bookmatch 414 bookstatic 1 o

Homework: hmwk 5 Score: 0 of 1 pt Bookmatch 4-14 (book/static) 1 of 5 (0 complete) ? (Market-value ratios) Garret Industries has a price/earnings ratio of 1629X. a. If Garret\'s earnings per share is $1.35, what is the price per share of Garret\'s stock? a. The price per share of Garret\'s stock is s. (Round to the nearest cent)

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

= 16.29*1.35 = $21.99