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    Calculating the P/E ratio

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    Rutland Corp's stock price at the end of last year was $30.25 and its earnings per share for the year were $2.45. What was its P/E ratio?

    11.65

    12.00

    12.35

    12.70

    13.05

    © BrainMass Inc. brainmass.com October 9, 2019, 10:28 pm ad1c9bdddf
    https://brainmass.com/business/price-to-earnings-ratio/calculating-pe-ratio-221165

    Solution Summary

    The response provides the steps to compute the P/E ratio.

    $2.19