Last year,High-Tech Electronics earned $2.00 per share.If a share of its stock is selling for $60,what is the firm's P-E ratio?
A)0.03
B)2
C)30
D)33
E)60

Name: Last year,High-Tech Electronics earned $2.00 per share.If a share of its stock is selling for $60,what is the firm's P-E ratio? A)0.03 B)2 C)30 D)33 E)60
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Question

Quizplus · Accepted Answer

The P-E (Price-Earnings) ratio is calculated by dividing the current market price of the stock by its earnings per share (EPS). In this case, the P-E ratio is $60 / $2.00 = 30.

Last Year,High-Tech Electronics Earned $2