Question

A company has net income of $5.6 million and earnings per share of $2.00. Average common stockholders' equity is $32 million. The companys current stock price is $10 per share. What is its Price/Earnings (P/E) ratio?

A) 0.2

B) 5.0

C) 0.175

D) 5.7

Answer

This answer is hidden. It contains 89 characters.