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A company that has a higher Price/Earnings ratio than the average firm in its industry is perceived by investors to: have a lower sentiment support.
A company that has a higher Price/Earnings ratio than the average firm in its industry is perceived by investors to:
| have a lower sentiment support. |
| have larger earnings growth potential than the average firm in the industry. |
| have a lower earnings growth potential than the average firm in the industry. |
| have lower cash levels than the average firm in the industry. |
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
