Zolt Inc. (zolt) stock is selling for $8.22 per share with an EPS of .45 cents per share. What is Zolt's PE ratio? (Round to nea
rest tenth.)
rev: 09_19_2013_QC_35406
18.3
19.5
8.3
20.0
None of these
1 answer:
Answer:
18.3 ( when EPS is 45 cents), otherwise there is none of these
Step-by-step explanation:
PE = Current Price / EPS
current Price = $ 8.22 = 822 cents
EPS = .45 cents (?) ... is it 45 cents ?
if it is 45 cents : PE = 822 / 45 = 18.26 ≈ 18.3
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