Question
A company has net income of $895,000; its weighted-average common shares outstanding are 179,000. Its dividend per share is $1.00, its market price per share
A company has net income of $895,000; its weighted-average common shares outstanding are 179,000. Its dividend per share is $1.00, its market price per share is $99, and its book value per share is $92.50. Its price-earnings ratio equals:
Multiple Choice
-
19.80.
-
5.50.
-
6.50.
-
7.50.
-
18.50.
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Auditing & Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
8th Edition
978-1260703733, 1260703738
