Last Year,Alfred's Automotive Had a Price-Earnings Ratio of 15

Multiple Choice

Last year,Alfred's Automotive had a price-earnings ratio of 15. This year,the price earnings ratio is 18. Based on this information,it can be stated with certainty that:

A) the price per share increased.
B) the earnings per share decreased.
C) investors are paying a higher price for each share of stock purchased.
D) investors are receiving a higher rate of return this year.
E) either the price per share, the earnings per share, or both changed.