Multiple Choice
A company originally issues 180,000 shares at a price of $22; one year later the share price is $40 and the number of outstanding shares is unchanged.During the year,the company had net income of $230,400.The P/E ratio at the end of the year is:
A) 0.0002.
B) 24.22.
C) 31.25.
D) 0.0001.
Correct Answer:
Verified
Correct Answer:
Verified
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