Last Year, Hi-Lo Electronics Earned $2

question 97

Multiple Choice

Last year, Hi-Lo Electronics earned $2.50 per share.If the current market value for a share of stock is $55, what is the firm's PE ratio?

• A)0.025
• B)2.5
• C)22
• D)55
• E)It is impossible to calculate a PE ratio with this information.

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