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on At December 31, 2021, OMG Ltd had 250,000 ordinary shares with a par value of $10 each. Net income for the year was $1,000,000.

on At December 31, 2021, OMG Ltd had 250,000 ordinary shares with a par value of $10 each. Net income for the year was $1,000,000. During the year, OMG paid $5 per share in dividends on its ordinary shares. The quoted market price of the shares was $20. The price earnings ratio on the ordinary shares at December 31, 2021 was: O 31 Ob 5:1 Oc 4:1 d. 10:1

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