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Steveo Corp has net earnings of $5,000,000, has 2,500,000 shares outstanding and sells for $15.00 a share. What is the current P/E ratio? A. 15

Steveo Corp has net earnings of $5,000,000, has 2,500,000 shares outstanding and sells for $15.00 a share. What is the current P/E ratio?

A. 15

B. 7.5

C. 10

D. 22.5

E. Cannot compute with this information

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