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Beer Corporation had net income of $230,000, and paid dividends to common stockholders of $50,000 in 2017. The weighted average number of shares outstanding in
Beer Corporation had net income of $230,000, and paid dividends to common stockholders of $50,000 in 2017. The weighted average number of shares outstanding in 2017 was 55,000 shares. Beer Corporation's common stock is selling for $86 per share on the New York Stock Exchange. Calculate Beer Corporation's price earnings ratio. Round answer to one decimal place. 0 2.7 O 20.6 O 18.7 O 26.3
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