The price per share is $30 and earnings per share is $3.5 then price for earnings ratio would be ___________?
A0.11 times
B8.57 times
C0.0857
D0.11
Correct answer
B. 8.57 times
Explanation
8.57 times is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.