JAMB Accounting 2018 Objective — Question 32

Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

What will be the price earnings ratio of the company?

A. #3.91
B. #3.19Correct
C. #2.95
D. #2.55

Explanation

Price-earnings ratio = Market price per share/Earnings per share = 150/47 = #1.50/#0.47 = 3.19.

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