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connect term Examination Instructions Ihelp Question 22 (of 35) Save & Ext l Submit Time remaining 05214 Last year. Alfred's Automotive had a price-earnings ratio of 15 and earnings per share of $120 This year,the price earnings ratio is 18 and the ea stated with certainty that rnings per share is $1.20 Based on this informstion, it can be O the price per share decreased the earnings per share decreased O investors are paying a lower price per share this year as compared to last yea O investors are receiving a higher rate of return this year the investors' outlook for the firm has improved 1215 AM Type here to search