Revival Corporation's Annual Report Is as Follows

question 73

Multiple Choice

Revival Corporation's annual report is as follows.

- If the current market price is $15 on March 31,2015,find the price/earnings ratio on March 31,2015.

• A)$8.29
• B)$2.20
• C)$1.81
• D)$6.81

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Definitions:

Oligopoly

A market structure dominated by a small number of large firms, leading to strategic interactions in setting prices and output.

Coca Cola

A carbonated soft drink brand known for its distinctive flavor, originally intended as a patent medicine.

Tacit Collusion

Cooperation among producers, without a formal agreement, to limit production and raise prices so as to raise one another’s profits.

Competing Producers

Entities or companies that are in the same market striving to gain market share by offering better products, price, or services.