Presented here are summarized data from the balance sheets and income statements

Question

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER, INGC Condensed Balance Sheets December 31, 2014, 2013, 2012 (in millions) 2014 2013 2012 s 759 971 833 Current assets Other assets 2,423 1,9301,729 $3,182 $2,901 $2,562 840 $ 733 S 587 Current liabilities Long-term liabilities1,5781,025 Owners equity 901 1,0171,036 928 $3,182 $2,901 $2,562 WIPER, INC Selected Income Statement and Other Data For the year Ended December 31, 2014 and 2013 (in millions) 2014 2013 Income statement data: Sales Operating income (EBIT) Interest expense Net income $3,060$2,923 320 75 216 306 94 221 Other data: Average number of common shares outstanding42.3 Total dividends paid 423 anding s600 47.7 $ 53.3 53

Explanation / Answer

Price Earning Ratio = Market Price/ Earnings Per Share

15= Market Price/5.22

Or Market Price= 15*5.22

=$78.3

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