The Following Table Shows the Price-To-Earnings Ratio for a Stereo

question 29

Multiple Choice

The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. $\begin{array} { l c } \underline { \text { Year } } & \underline {\text { P/E Ratio }} \\1998 & 12.4 \\1999 & 14.6 \\2000 & 11.1 \\2001 & 8.2 \\2002 & 6.8\end{array}$
Determine the percentage change in the P/E ratios from 1999 to 2000.

• A)23.97%
• B)31.53%
• C)27.26%
• D)-31.53%
• E)-23.97

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