Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share.

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Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share. During the same year, the company paid an $0.80 per share cash dividend. Calculate the price earnings ratio and the payout ratio.

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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 30, 2017 12:37 PM

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Highlink, Inc. reported earnings per share of $4. Its common shares were selling at $24 per share.

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Accounting Principles Part 3

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