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:

Positive Exponents

Represent numbers multiplied by themselves a certain amount of times, indicating a base raised to the power of a positive number.

Expression

A combination of numbers, variables, and mathematical operations that represents a particular value.

X

Often used in mathematics as a variable or unknown value in equations and algebraic expressions.

Simplify

The process of altering an expression to make it easier to understand or work with, often by combining like terms or eliminating complex fractions.