Multiple Choice
Using the information given here, what is the price-earnings ratio for DEF Company? (Hint: This is a two-step calculation.)
• Earnings = $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:
Verified
Correct Answer:
Verified
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