EmmaCor Is Currently Selling for $22 Per Share

question 8

Multiple Choice

EmmaCor is currently selling for $22 per share.If it is selling at a P/E ratio of 12,calculate EmmaCor's recent earnings per share.

• A) $0.45
• B) $0.55
• C) $1.83
• D) $2.20

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Definitions:

Administrative Department

A segment within an organization responsible for managing general operations and administrative tasks.

Profit Center

A segment or department within a business that is responsible for generating its own revenue and profits.

Revenue Center

A division or unit within an organization responsible for generating revenue through its operations and activities.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold before accounting for other expenses.