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A company has net income of $910,000; its weighted-average common shares outstanding are 182,000. Its dividend per share is $0.55, its market price per share

A company has net income of $910,000; its weighted-average common shares outstanding are 182,000. Its dividend per share is $0.55, its market price per share is $90, and its book value per share is $79.00. Its price-earnings ratio equals:

  • 15.80.

  • 18.00.

  • 11.00.

  • 11.55.

  • 10.45.

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