A P/E ratio is calculated in the middle of the accounting year. For a given share price, the company could use the most recent annual EPS, or it could use the total of the most recent four quarterly...

Extracted text: A P/E ratio is calculated in the middle of the accounting year. For a given share price, the company could use the most recent annual EPS, or it could use the total of the most recent four quarterly EPS numbers. Which of the following statements is not true? Multiple Choice The ratio will be larger if the most recent annual EPS is used when earnings are decreasing. The ratio will be smaller if the EPS for the last four quarters are used when earnings are increasing. The ratio will be smaller if the most recent annual EPS is used when earnings are decreasing. The ratio will be larger if the EPS for the last four quarters are used when earnings are decreasing Prev 25 of 50 Next i