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Blossom Jewelers management announced that the company had net earnings of $8,564,000 for this year. The...

Blossom Jewelers management announced that the company had net earnings of $8,564,000 for this year. The company has 2,497,000 shares outstanding, and the year-end stock price is $64.10. What are Blossom’s earnings per share and P/E ratio? (Round answers to 2 decimal places, e.g. 12.25)

Earnings per share

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P/E ratio

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Answer #1
Net Earnings $        8,564,000
Shares outstanding            2,497,000
Year-end stock price $                64.10
Earnings per share $                   3.43
P/E ratio                     18.69

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