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QUESTION 24 Richmond Company has 100,000 shares of $10 par value common stock issued and outstanding Total stockholders equity is $2,800,000 and net income for

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QUESTION 24 Richmond Company has 100,000 shares of $10 par value common stock issued and outstanding Total stockholders equity is $2,800,000 and net income for the year is $800.000 During the year Richmond paid $3 00 per share in dividends on its common stock. The market value of Richmond's common stock is $24. What is the price-eamings ratio? ? 3.0 03.5 0 4.8 ? 8.0

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