Question 12 Kiwi, Inc. provides the following information for 20x8: Net income $250,000 Market price per share of common stock $65 per share Dividends paid $180,000 Common stock outstanding at Jan. 1. 2018 180,000 shares Common stock outstanding at Dec. 31, 2018 240,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock 65.00 times 54,62 times 46.76 times 62.50 times