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Richards Corporation had net income of $ 2 3 7 , 8 3 9 and paid dividends to common stockholders of $ 5 2 ,

Richards Corporation had net income of $237,839 and paid dividends to common stockholders of
$52,700. It had 55,700 shares of common stock outstanding during the entire year. Richards
Corporation's common stock is selling for $50 per share. The price-earnings ratio is
a.4.27
b.1.00
c.15.00
d.11.71
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