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DC Technologies earns a profit of $8 per share. If the prevailing interest rate is 10%, and the stock is currently selling for $96 per share, what is the current price/earnings (P/E) ratio? A. 5 B. 10 C. 12 D. 24

DC Technologies earns a profit of $8 per share. If the prevailing interest rate is 10%, and the stock is currently selling for $96 per share, what is the current price/earnings (P/E) ratio? A. 5 B. 10 C. 12 D. 24

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the current price earnings ratio on these financial accounting question ?

DC Technologies earns a profit of $8 per share. If the prevailing interest rate is 10%, and the stock is currently selling for $96 per share, what is the current price/earnings (P/E) ratio? A. 5 B. 10 C. 12 D. 24
Transcribed Image Text:DC Technologies earns a profit of $8 per share. If the prevailing interest rate is 10%, and the stock is currently selling for $96 per share, what is the current price/earnings (P/E) ratio? A. 5 B. 10 C. 12 D. 24
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