Last Year, High-Tech Electronics Earned $1

question 5

Multiple Choice

Last year, High-Tech Electronics earned $1.50 per share. If the current market value for a share of stock is $45, what is the firm's P-E ratio?

• A) 0.03
• B) 3.30
• C) 30.00
• D) 33.00
• E) 45.00

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenues and expenses for an accounting period, ultimately reflecting the period's net income or loss.