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Dixie's has a market value balance sheet as shown below. The firm currently has 2,200 shares of stock outstanding and net income of $10,500 Market
Dixie's has a market value balance sheet as shown below. The firm currently has 2,200 shares of stock outstanding and net income of $10,500 Market Value Balance Sheet 4.600 145.160 $229,760 Excess cash 14,300 Debt Other asset Total $229.760 The firm has decided to spend $6,500 on new equipment and use the remaining excess cash to pay an extra cash dividend. What will the firm's PE ratio be after this dividend is paid, all else held constant? Ignore taxes. O 14.20 O 16.67 O 13.08 11.22 14.57
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