A company has net income of $5.6 million and earnings per share of $2.00.Average common stockholders' equity is $32 million.The company's current stock price is $10 per share.What is its Price/Earnings (P/E) ratio?
A) 0.2
B) 5.0
C) 0.175
D) 5.7
Correct Answer:
Verified
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