Alberta High Skies Company Has Net Income of $3 Million

question 2

Multiple Choice

Alberta High Skies Company has net income of $3 million.It issued 500,000 shares two years ago at an issue price of $20 per share, and the shares are now trading at $35 per share.What is Alberta High Skies' price-earnings ratio?

• A)1.75
• B)3.33
• C)5.83
• D)9.17

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