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Dunkin’ Brands Group (DKN) has a PE of 24.22 and the stock is currently selling for...

  1. Dunkin’ Brands Group (DKN) has a PE of 24.22 and the stock is currently selling for $55.38. If there are 12.25 million shares outstanding, what was the net income for DNKN for the year?

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Answer #1

PE ratio=Stock price/EPS

EPS=(55.38/24.22)=$2.29(Approx).

Hence net income=EPS*Shares outstanding

=$2.29*12.25 million shares

=$28,010,115.61(Approx).

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