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The Cincinnati Chili Kitchen has just announced the repurchase of $155,000 of its stock. The company has 45,000 shares outstanding and earnings per share of

The Cincinnati Chili Kitchen has just announced the repurchase of $155,000 of its stock. The company has 45,000 shares outstanding and earnings per share of $3.41. The company stock is currently selling for $76.87 per share. What is the priceearnings ratio after the repurchase? Multiple Choice 21.53 times 23.55 times 22.54 times 23.05 times 20.92 times

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