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ABC Corporation's financial information as of December 31, 2017 stated the following: Price-Earnings Ratio -4:1 Dividendpershareforcommonstocks-P3.00 Net Income -P1,200,000 Outstandingcommonstocks-100,000shares Average common equity -P2,000,000 Growthrateoncommonequity-3.5%
ABC Corporation's financial information as of December 31, 2017 stated the following:
- Price-Earnings Ratio -4:1
- Dividendpershareforcommonstocks-P3.00
- Net Income -P1,200,000
- Outstandingcommonstocks-100,000shares
- Average common equity -P2,000,000
- Growthrateoncommonequity-3.5%
- Whatistheretention ratioorplowback ratio?
- WhatistheexpectedpriceofthecommonstockonDecember31,2018?
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