1. The ________ ratios are primarily measures of return.
A. liquidity
B. activity
C. debt
D. profitability
Inflation can distort
2. A. inventory costs.
B. cost of goods sold.
C. interest write-offs.
D. salaries and wages.
3. Jimmy Corp's stock price at the end of last year was $31.15 and its earnings per share for the year were $2.45. What was its P/E ratio?
A. 11.65
B. 12.00
C. 12.35
D. 12.71
E. 13.05