When evaluating a company's price$-$earnings $($PE$)$ ratio, which one of the following statements is true?

$5$:$59$

Multiple Choice

The PE ratio is classified as a profitability ratio.

The PE ratio is a constant value for each firm.

A PE ratio of $16$ indicates that investors are willing to pay $$1$ for every $$16$ of current eamings.

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PE ratios are unaffected by the accounting methods employ

A high PE ratio may indicate that a firm is expected to grow significantly$-$