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Penny Corporation had profit of $ 250,000 and paid dividends to common shareholders of $ 50,000 in 2021. The weighted average number of shares
Penny Corporation had profit of $ 250,000 and paid dividends to common shareholders of $ 50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Penny Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Penny Corporation's price earnings ratio is O a. 10 times b. 8 times O c. 2 times O d. 5 times Clear my choice
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