If a stock has earning of $6,000,000.00 with 9 million outstanding shares and has a p/e ratio of $23.25 what is the closing price of the stock?

The closing price of the stock = $15.50

Step-by-step explanation:

Price-earnings (P/E) ratio = 23.25

Earnings per share = total earnings/total number of shares

Earnings per share = 6,000,000/9,000,000 = 0.666667

E = $0.666667 per share

Price per share/Earnings per share = 23.25

Price per share = 23.25* Earnings per share = 23.25*0.666667 = $15.50

The closing price of the stock = $15.50

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step-by-step explanation:

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answer: a video game has three difficulty levels: easy, medium, and expert. the game's scoring works in such a way that a player has to score a fixed number of points to advance to the next level, and then the scoring starts over. the total score needed to clear all three difficulty levels is 7,500. two times the number of points needed to clear the easy level is 500 more than the number of points needed to clear the medium level. twice the number of points needed to clear the medium difficulty level is 1,500 more than the number of points needed to clear the expert level. if x, y, and z represent the easy, medium, and expert levels, respectively, and a is the coefficient matrix of the system of equations modeling this situation, identify the inverse matrix, a-1, and the solution matrix, x, of the system of equations.

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