The Following Table Shows the Price-To-Earnings Ratio for a Stereo

Multiple Choice

The following table shows the Price-to-Earnings ratio for a stereo equipment manufacturing company between 1998 and 2002. $\begin{array} { l c } \underline { \text { Year } } & \underline {\text { P/E Ratio }} \\1998 & 12.4 \\1999 & 14.6 \\2000 & 11.1 \\2001 & 8.2 \\2002 & 6.8\end{array}$
Determine the percentage change in the P/E ratios from 1999 to 2000.

A) 23.97%
B) 31.53%
C) 27.26%
D) -31.53%
E) -23.97