SOLUTION: At the close of the stock market on a particular day, each share of a textile company's stock was selling for $12&5/16. The annual earnings per share were $3.52. What is the ratio
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Question 76698: At the close of the stock market on a particular day, each share of a textile company's stock was selling for $12&5/16. The annual earnings per share were $3.52. What is the ratio of selling price to annual earnings? Answer by funmath(2933) (Show Source):
You can put this solution on YOUR website! At the close of the stock market on a particular day, each share of a textile company's stock was selling for $12&5/16. The annual earnings per share were $3.52. What is the ratio of selling price to annual earnings?
12 5/16 divided by 3.52
Either turn the fraction into an improper fraction or decimal. 5 divided by 16 is .3125 + 12 is 12.3125.
approximately $3.50 to $1
Happy Calculating!!!!
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