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Homework answers / question archive / A company reported annual earnings per share of $2
A company reported annual earnings per share of $2.13. If the price is currently $87.13 per share, what is the PE ratio? O 0.02 40.91 O 85.00 87.13
Given that price per share = $87.13
Also , earning per share =$2.13
We know that:
P/E ratio = price per share / earning per share
Hence P/E ratio = $87.13/$2.13
= 40.91%
Hence P/E ratio is 40.91%
