Question
The following information is available for Payton Incorporated. At the end of the year, the market price of its common stock is $550 per share.
The following information is available for Payton Incorporated.
At the end of the year, the market price of its common stock is $550 per share. Earnings per share totaled $100 and dividends per share in the amount of $15 were paid during the year. The company's price-earnings ratio is _____.
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
