The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. $\begin{array} { l c }
\underline { \text { Year } } & \underline {\text { P/E Ratio }} \
1998 & 12.4 \
1999 & 14.6 \
2000 & 11.1 \
2001 & 8.2 \
2002 & 6.8
\end{array}$
Determine the percentage change in the P/E ratios from 1999 to 2000.
A)23.97%
B)31.53%
C)27.26%
D)-31.53%
E)-23.97

Question

The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. $\begin{array} { l c } 
\underline { \text { Year } } & \underline {\text { P/E Ratio }} \
1998 & 12.4 \
1999 & 14.6 \
2000 & 11.1 \
2001 & 8.2 \
2002 & 6.8
\end{array}$
Determine the percentage change in the P/E ratios from 1999 to 2000.
A)23.97%
B)31.53%
C)27.26%
D)-31.53%
E)-23.97

Quizplus · Accepted Answer

The Answer of The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. $\begin{array} { l c } 
\underline { \text { Year } } & \underline {\text { P/E Ratio }} \
1998 & 12.4 \
1999 & 14.6 \
2000 & 11.1 \
2001 & 8.2 \
2002 & 6.8
\end{array}$
Determine the percentage change in the P/E ratios from 1999 to 2000.
A)23.97%
B)31.53%
C)27.26%
D)-31.53%
E)-23.97

The Following Table Shows the Price-To-Earnings Ratio for a Stereo