Answer:
the price earning ratio is 6.67
Step-by-step explanation:
The computation of the price earning per share is shown below:
As we know that
Price earning ratio = Current price ÷ earning per share
= ($4 ÷ 0.15) ÷ ($4)
= 6.67
Hence, the price earning ratio is 6.67
It shows the relationship between the current price and the earning per share
