Beehive Corporation earned $1.80 per share. Assuming a closing price of $40, what's the PE ratio? (Round your answer to the near
est whole number.)
1 answer:
Answer:
PE ratio = $22
Step-by-step explanation:
Earning per share = $1.80
The price of the share = $40
PE ratio = Price of the share ÷ Earning per share
PE ratio = $40/$1.8-
PE ratio = $22.
Thank you. :)
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