Question

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 nearest tenth.)


rev: 09_19_2013_QC_35406


18.3

19.5

8.3

20.0

None of these

Answer 1

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