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31 May, 21:09

Zolt Inc. (zolt) stock is selling for $8.22 per share with an EPS of. 45 cents per share. What is Zolt's PE ratio? (Round to nearest tenth.)

rev: 09_19_2013_QC_35406

18.3

19.5

8.3

20.0

None of these

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  1. 31 May, 21:15
    0
    18.3 (when EPS is 45 cents), otherwise there is none of these

    Step-by-step explanation:

    PE = Current Price / EPS

    current Price = $ 8.22 = 822 cents

    EPS =.45 cents (?) ... is it 45 cents?

    if it is 45 cents : PE = 822 / 45 = 18.26 ≈ 18.3
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