Reno Revolvers has an EPS of $2.50, a free cash flow per share of $4.50, and...
Reno Revolvers has an EPS of $2.50, a free cash flow per share of $4.50, and a price/free cash flow ratio of 10.0. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Homework Answers
Price/Cash flow ratio= Price per share/ Cash flow per share
10= Price per share/ 4.50
Price per share= 10*4.50
= $45
P/E ratio= Price per share/ EPS
= $45/ $2.50
= 18.
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