If the P/E ratio of a company's common stock were 12, and its earnings were $2.50 per common share. 15 Multiple Choice the market value of the common stock would be $20.83 per share. the market value of the common stock would be $25.00 per share. an increase in earnings of $0.20 per share, with no change in the multiple would result in a market price increase of $2.40 per share. an increase in earnings of $0.20 per share, with no change in the multiple would result in a market price increase of $167 per share. Type here to search The following information was available for the year ended December 31, 2019 Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $ 50,000 10,000 12,000 28,000 280,000 120,000 The debt/equity ratio at December 31, 2019 was: Multiple Choice C) 40.0% e here to search