Michelle Townsend owns stock in National Computers. Based on information in its annual report, National...
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Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported aftertax earnings of $9,700,000 and has issued 7,000,000 shares of common stock. The stock is currently seling for $32 a share. a. Calculate the earnings per share for National Computers, (Round your answer to 2 decimal places.) b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your answer to 2 decimal places.)
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