Vang Corp'S Stock Price at the End of Last Year Was

question 5

Multiple Choice

Vang Corp.'s stock price at the end of last year was $33.50 and its earnings per share for the year were $2.30.What was its P/E ratio?

• A)13.84
• B)14.57
• C)15.29
• D)16.06

---

Definitions:

Actuate

To cause a mechanical system or device to operate.

Air Tanks

Reservoirs used in pneumatic systems of vehicles, especially in air brake systems, to store compressed air needed for the operation of brakes and other components.

Diversification

The strategy of spreading investments among different financial instruments, industries, or other categories to reduce risk.