JJ Industries Has a P/E Ratio of 18 and an EPS

question 49

Multiple Choice

JJ Industries has a P/E ratio of 18 and an EPS of $0.93. This means that JJ's stock is currently selling for

• A) $16.74 per share.
• B) $17.07 per share.
• C) $18.00 per share.
• D) $19.35 per share.

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Definitions:

Apple

A leading technology company known for its innovation in consumer electronics, software, and services.

Apple Retail Stores

Retail locations operated by Apple Inc., focused on selling and supporting Apple products, offering a unique shopping experience.

Forward Integration

A business strategy where a company extends its activities to take control of its distributions, such as a manufacturer opening retail outlets.

Horizontal Integration

Horizontal integration refers to the acquisition of a business operating at the same level of the value chain in an industry, aiming to increase market share or achieve economies of scale.