63.Which of the following is NOT a correct statement about the price/earnings ratio?

A.A high P/E ratio is often taken to mean the firm has significant prospects for future growth.

B.A P/E ratio of 15 means investors are willing to pay $15 for each $1 of current earnings.

C.Care must be taken in interpreting very high P/E ratios since they can result from a firm having very low earnings.

D.A firm with high earnings per share will also have a very high P/E ratio.