Question
Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. The weighted average number of shares outstanding in
Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Concord Corporation's common stock is selling for $121.80 per share on the New York Stock Exchange. Concord Corporation's price-earnings ratio is
A. 3.4 times.
B. 30.0 times.
C. 21.0 times.
D. 36.3 times.
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
