Question

A company originally issues 180,000 shares of stock at a price of $22; one year later the stock price is $40 per share, the number of outstanding shares is unchanged, and the companys net income for the year is $230,400. The P/E ratio at the end of the recent year is:

A) 0.0002.

B) 24.22.

C) 31.25.

D) 0.0001.

Answer

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