1 - Fall 2020 od Help Save & Exit Submit Which one of these statements is true concerning the price earings (PE) ratio? Multiple Choice 2625 The PE ratio is classified as a profitability ratio A high PE ratio may indicate that a firm is expected to grow significantly The PE ratio is a constant value for each firm, A PE ratio of 16 indicates that investors are willing to pay $1 for every 516 of current earnings PE ratios are fected by the accounting methods employed by a firm