Tempel Corporation has provided the following data: The market price of common stock at the end of Year 2 was $2.77 per share. The company's price-earnings ratio for Year 2 is closest to:
A)9.23
B)0.35
C)4.54
D)13.40

Question

Tempel Corporation has provided the following data:  The market price of common stock at the end of Year 2 was $2.77 per share. The company's price-earnings ratio for Year 2 is closest to:
A)9.23 
B)0.35 
C)4.54 
D)13.40

Quizplus · Accepted Answer

The Answer of Tempel Corporation has provided the following data:  The market price of common stock at the end of Year 2 was $2.77 per share. The company's price-earnings ratio for Year 2 is closest to:
A)9.23 
B)0.35 
C)4.54 
D)13.40

Tempel Corporation Has Provided the Following Data: the Market