## Answers

Answer: a). Earnings per share for 20X1: Earnings per share = Earnings / Stocks outstanding Earnings per share = $282,000/200,000 shares Earnings per share = $1.41 P/E ratio for 20X1: P/E ratio = Price per share / Earnings per share P/E ratio = $81.80 / $1.41 P/E ratio = 58.01 times

b). Earnings per share for 20X2: Earnings per share = Earnings / Stocks outstanding Earnings per share = $418.000 / 200,000 shares Earnings per share = $2.09 P/E ratio for 20X2: P/E ratio = Price per share / Earnings per share P/E ratio = $94.00 / $2.09 P/E ratio = 44.98 times Stock price increase = (New price - Old price) / Old price Stock price increase = ($94.00 - $81.80)/$81.80 Stock price increase = 14.91% EPS increased by = (New EPS - Old EPS) / Old EPS EPS increased by = ($2.09 - $1.41) / $1.41 EPS increased by = 48.23%

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