CORRECT ANSWER C. DEVLIN’S PRICE/EARNINGS RATIO IS 7.08 AS SHOWN...
76.
Correct answer c. Devlin’s price/earnings ratio is 7.08 as shown below.
Price/earnings ratio
= Market price per share ÷ Earnings per share
= $34 ÷ $4.80
= 7.08
76.
Correct answer c. Devlin’s price/earnings ratio is 7.08 as shown below.
Price/earnings ratio
= Market price per share ÷ Earnings per share
= $34 ÷ $4.80
= 7.08