What is able price-earnings ratio, Accounting Basics

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What is able price-earnings ratio

The Able Company had net income of $47,500 and earnings per share of $3.17 during 20B. On December 31, 20B, the stock had a market price of $18.50 per share. What is Able's price/earnings ratio?

a. 25.70.

b. 8.11.

c. 5.84.

d. 0.17.

e. None of the above is correct.

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Accounting Basics: What is able price-earnings ratio

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