Question
Given the following information: Preferred dividends $ 50 Income taxes $200 Average number of shares outstanding 250 shares Market price per common share $ 10
Given the following information:
Preferred dividends $ 50
Income taxes $200
Average number of shares outstanding 250 shares
Market price per common share $ 10
Net income $600
What is the price/earnings ratio?
a. 3.3 times
b. 2.9 times
c. 3.8 times
d. 4.5 times
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, Gerald G. Griffin
6th Edition
0471293253, 978-0471293255
