Question
Sheridan Corporation had net income of $2,020,000 and paid dividends to common stockholders of $294,000 in 2017. The weighted average number of shares outstanding in
Sheridan Corporation had net income of $2,020,000 and paid dividends to common stockholders of $294,000 in 2017. The weighted average number of shares outstanding in 2017 was 252,500 shares. Sheridan Corporation's common stock is selling for $56 per share on the NASDAQ. Sheridan Corporation's price-earnings ratio is
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A. 14 times.
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B. 6 times.
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C. 7 times.
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D. 8 times.
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Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits
Authors: Gary A. Porter, Curtis L. Norton
4th Edition
0324272669, 978-0324272666
