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Using the Information Given Here,what Is the Price-Earnings Ratio for DEF

Question 37

Multiple Choice

Using the information given here,what is the price-earnings ratio for DEF Company? (Hint: This is a two-step calculation.)
• Income = $180,000
• Number of shares outstanding = 60,000
• Price per share = $30
• Book value per share = $10


A) $3.00
B) $4.00
C) $7.50
D) $10.00
E) $20.00

Correct Answer:

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