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Richards Corporation had net income of $217,005 and paid dividends to common stockholders of $59,600. It had 55,500 shares of common stock outstanding during the
Richards Corporation had net income of $217,005 and paid dividends to common stockholders of $59,600. It had 55,500 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $70 per share. The price-earnings ratio is Oa. 1.00 times Ob. 25.00 times Oc. 3.91 times Od. 17.90 times
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