The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow.

-Using the data provided for Diane Company, what is the price-earnings ratio?
A) 8.0 times
B) 2.5 times
C) 4.0 times
D) 6.0 times

Question

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow.
​
 
-Using the data provided for Diane Company, what is the price-earnings ratio?
A) 8.0 times 
B) 2.5 times 
C) 4.0 times 
D) 6.0 times

Quizplus · Accepted Answer

The Answer of The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow.
​
 
-Using the data provided for Diane Company, what is the price-earnings ratio?
A) 8.0 times 
B) 2.5 times 
C) 4.0 times 
D) 6.0 times

The Following Information Pertains to Diane Company