Question: Computing EPS and P/E ratio
Requirements: 1. Compute earnings per share (EPS) for 2016 for Accel's. Round to the nearest cent.
2. Compute Accel's Companies' price/earnings ratio for 2016. The market price per share of Accel's stock is $65.50.
3. What do these results mean when evaluating Accel's Companies' profitability?