ComChip is a computer chip manufacturer whose stock is selling at $50 per share. Next year's net earnings, minus the preferred stock dividends, is estimated to be $200,000. The company currently has 100,000 shares of common stock outstanding
What is the firm's P/E ratio?
A) 50.00
B) 45.80
C) 25.00
D) 27.78
Answer: C
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