Mathematics · Corporate Valuation
Coral Manufacturing reported an Earnings Per Share (EPS) of $4.40 for the latest financial year. If the average Price-to-Earnings (P/E) ratio of comparable listed firms in the same industry is 10, and the company has 16,000 outstanding shares, what is the total equity value of Coral Manufacturing using the P/E method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$352,000
- 2$880,000
- 3$528,000
- 4$704,000✓
Correct answer
$704,000
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