The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. Determine the percentage change in the P/E ratios from 1998 to 1999.
A) 15.07%
B) 17.74%
C) 20.72%
D) −17.74%
E) −15.07%

Question

The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002.  Determine the percentage change in the P/E ratios from 1998 to 1999.
A) 15.07% 
B) 17.74% 
C) 20.72% 
D) −17.74% 
E) −15.07%

Quizplus · Accepted Answer

1 =× 100 = 17.74%

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