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A firm had a PE ratio of 9 . 6 last year. This year, the PE ratio is 6 . 8 . Based on this

A firm had a PE ratio of 9.6 last year. This year, the PE ratio is 6.8. Based on this information, it can be stathere was a change in either the price per share, the earnings per share, or both.
the earnings per share decreased.
the price per share increased.
investors are paying a lower price for each share of stock purchased.
investors are receiving a lower rate of return this year.ted with absolute certainty that

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