Jangles Co. earned $1.80 per share. Assuming a closing price of $40, the PE ratio is (round to the nearest whole answer):

Name: Jangles Co. earned $1.80 per share. Assuming a closing price of $40, the PE ratio is (round to the nearest whole answer):
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The PE ratio is calculated by dividing the market value per share by the earnings per share (EPS). So, $40 / $1.80 = 22.22, which rounds to 22.