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18. From questions 19 and 20 above, calculate the price earning ratio (P/E) for both...

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18. From questions 19 and 20 above, calculate the price earning ratio (P/E) for both Batt's and Tom's. (2 marks) Batt's P/E = Tom's P/E = 19. What is one possible explanation of the differences in P/E's between companies? (1 mark) 18. From questions 19 and 20 above, calculate the price earning ratio (P/E) for both Batt's and Tom's. (2 marks) Batt's P/E = Tom's P/E = 19. What is one possible explanation of the differences in P/E's between companies? (1 mark)

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