Question
Lilli Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the
Lilli Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Lilli Corporation's common stock is selling for $35 per share.
The priceearnings ratio is:
A. 7.00
B. 0.03
C. 8.75
D. 5.00
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
