Q12.20: A company had net income of $220,000 and paid dividends to common shareholders of $9,000 during the year. The weighted average number of common shares outstanding during the year was 5,600 shares. The company's common shares are selling for $20.00 per share on the Toronto Stock Exchange. The price-earnings ratio was 0.51 times B 1.1 times. C 5.33 times. 37.33 times. Stu .la Spe ana SOM aco