Question
Sunland Corporation had net income of $2,060,000 and paid dividends to common stockholders of $297,000 in 2017. The weighted average number of shares outstanding in
Sunland Corporation had net income of $2,060,000 and paid dividends to common stockholders of $297,000 in 2017. The weighted average number of shares outstanding in 2017 was 515,000 shares. Sunland Corporation's common stock is selling for $44 per share on the NASDAQ. Sunland Corporation's price-earnings ratio is
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A. 22 times.
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B. 14 times.
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C. 11 times.
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D. 4 times.
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Financial Accounting
Authors: Jr. Belverd E. Needles, Marian Powers
9th Edition
0547070020, 978-0547070025
