Partridge Ltd.'s shares were issued for $21.00 but now have a market value of $35.00. The most recent EPS for the company was $3.00. The P/E ratio for Partridge Ltd. is
A) 4.67.
B) 7.0.
C) 11.67.
D) 18.67.

Question

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The Answer of Partridge Ltd.'s shares were issued for $21.00 but now have a market value of $35.00. The most recent EPS for the company was $3.00. The P/E ratio for Partridge Ltd. is
A) 4.67.
B) 7.0.
C) 11.67.
D) 18.67.