Calculating ROE and P/E ratio
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A) Raleigh Corp's total common equity at the end of last year was $300,000 and its net income after taxes was $55,000. What was its ROE?
B) Rutland Corp's stock price at the end of last year was $30.25 and its earnings per share for the year were $2.45. What was its P/E ratio?
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Solution describes the steps for calculating ROE and P/E for given case.
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a) Raleigh Corp's total common equity at the end of last year was $300,000 and its net income after taxes was ...
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- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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