Last year, High-Tech Electronics earned $1.50 per share. If the current market value for a share of stock is $45, what is the firm's P-E ratio?
A) 0.03
B) 3.30
C) 30.00
D) 33.00
E) 45.00

Name: Last year, High-Tech Electronics earned $1.50 per share. If the current market value for a share of stock is $45, what is the firm's P-E ratio? A) 0.03 B) 3.30 C) 30.00 D) 33.00 E) 45.00
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Question

Quizplus · Accepted Answer

P-E ratio = Market value per share / Earnings per share
P-E ratio = $45 / $1.50
P-E ratio = 30.00

Last Year, High-Tech Electronics Earned $1