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:

Racial-Ethnic Intermarriage

Marriage between partners who belong to different racial or ethnic groups.

Ethnic Identity

A person's sense of belonging to a particular ethnic group, including the customs, culture, and perception of shared heritage or ancestry.

Middle Eastern

Pertaining to the geographical region that encompasses Western Asia and Egypt, noted for its distinct cultural, religious, and historical identity.

Merchandise Inventory

The goods and products a retail or wholesale company holds for the purpose of resale to customers.