Biology Forums - Study Force

Which of the following statements is true?

1. Purchasing inventory on credit increases the book value per share of a retailer.
2. The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.
3. Earnings per share is computed by multiplying net income by the average number of common shares outstanding.

▸ Only statement I is true.

▸ Only statement II is true.

▸ Statements II and III are true.

▸ All of the statements are true.

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