Question
Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2014. The weighted average number of shares outstanding in
Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Beta Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Beta Corporation's price-earnings ratio is
a.14.0 times.
b.7.0 times.
c.6.1 times.
d.8.3 times.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
