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Author Question: Shares of Lorne and Greene Manufacturing now sell for 64. If the company had earnings per share of ... (Read 91 times)

james

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on: Jun 24, 2018
Shares of Lorne and Greene Manufacturing now sell for 64. If the company had earnings per share of 3.70 last year, calculate the price-earnings ratio of the stock. (Round to nearest whole number)
 A) 51:1
  B) 23:1
  C) 25:1
  D) 17:1

Question 2

What is the effective interest rate of a simple discount note for 7,000 at a bank discount rate of 6, for 3 months? (Round to the nearest tenth percent)
 A) 6.1
  B) 5.8
  C) 6.5
  D) 7.2


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choc0chan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

A


james

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

hramirez205

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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