Based on analysis of the company and expected industry and economic conditions, China Imports is expected to earn $4.60 per share of common stock next year. The average price/earnings ratio for firms in the same industry is 8
Calculate the estimated value of a share of China Imports common stock.
Estimated value of share price = $4.60 × 8 = $36.80 per share
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According to David Arnold, there are four possible approaches to forecasting by analogy, which does not include which of the following?
A) Data is available on a comparable product in the same country. B) Data is available on the same product in a comparable country. C) Data is available on the same product from a dependent distributor in a neighboring country. D) Data is available about a comparable company in the same country. E) Data is available on the same product in every country.
Feedback on performance should be all of the following EXCEPT:
A. Focused on negative performance B. Timely C. Frequent and ongoing D. Specific