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Richards Corporation had net income of $254,100 and paid dividends to common stockholders of $55,600. It had 52,500 shares of common stock outstanding during
Richards Corporation had net income of $254,100 and paid dividends to common stockholders of $55,600. It had 52,500 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $64 per share. The price-earnings ratio is Oa. 13.22 times Ob. 4.84 times Oc. 17.00 times Od. 1.00 times
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
