Curry Footwear reports net income of $500,000,earnings per share of $1.50,and has a stock price of $45.00 at the end of the year.What is Curry Footwear's price-earnings ratio?

Name: Curry Footwear reports net income of $500,000,earnings per share of $1.50,and has a stock price of $45.00 at the end of the year.What is Curry Footwear's price-earnings ratio?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The price-earnings ratio is calculated by dividing the stock price by the earnings per share. So, $45.00 / $1.50 = 30.0.

Curry Footwear Reports Net Income of $500,000,earnings Per Share of $1.50,and