ComChip Is a Computer Chip Manufacturer Whose Stock Is Selling

question 189

Multiple Choice

ComChip is a computer chip manufacturer whose stock is selling at $50 per share.Next year's net earnings,minus the preferred stock dividends,is estimated to be $200,000.The company currently has 100,000 shares of common stock outstanding.What is the firm's P/E ratio?

• A)50.00
• B)45.80
• C)25.00
• D)27.78

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