Question
77.The average market price of Lavendar Ltd's ordinary shares is $5.40 and the earnings per ordinary share are 90c. The P/E ratio is: Group of
77.The average market price of Lavendar Ltd's ordinary shares is $5.40 and the earnings per ordinary share are 90c. The P/E ratio is:
Group of answer choices
1. 6.0
2. 16.67
3. 4.86
4.unable to be calculated from the information prov
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Corporate Finance The Core
Authors: Jonathan Berk, Peter DeMarzo
4th Global Edition
1292158336, 9781292158334
