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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Definitions:

Species Richness

The number of different species represented in an ecological community, landscape, or region.

Müllerian Mimicry

The resemblance of dangerous, unpalatable, or poisonous species to one another so that potential predators recognize them more easily. Compare with Batesian mimicry.

Batesian Mimicry

The resemblance of a harmless or palatable species to one that is dangerous, unpalatable, or poisonous so that predators are more likely to avoid them. Compare with Müllerian mimicry.

Warning Colors

Bright colors exhibited by some animals as an evolutionary strategy to warn predators of their toxicity or unpleasant taste.