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 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.  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

R₂ =× 100 = -23.97%

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