Otis Company provides you with the following information: Net income $ 55,000 Number of common shares outstanding,
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Question:
Otis Company provides you with the following information:
| Net income | $ 55,000 |
|---|---|
| Number of common shares outstanding, beginning of the year | 45,000 |
| Number of common shares outstanding, end of the year | 55,000 |
| Market price per share | $ 15 |
| Dividends per share | $ 0.50 |
| Total assets, end of the year | $ 200,000 |
| Total liabilities, end of the year | $ 80,000 |
The price-earnings ratio (PE ratio) for Otis Company is closest to:
11.64.
13.64.
10.64.
12.64.
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