Question: Please explain the solution to this general accounting problem with accurate explanations. A company has a market price of $45.00 per share, earnings per share

Please explain the solution to this general accounting problem with accurate explanations.

A company has a market price of $45.00 per share, earnings per share (EPS) of $1.50, and dividends per share of $0.50. What is the company's price earnings (P/E) ratio? A) 28.5 B) 30.0 C) 315

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