Question
The Apple Pie Company had net income of $47,800 and earnings per share of $3.47. Apple Pie declared dividends of $2.30 per share of common
The Apple Pie Company had net income of $47,800 and earnings per share of $3.47. Apple Pie declared dividends of $2.30 per share of common stock during 2016. On December 31, 2016, the stock had a market price of $18.20 per share. Apple Pie's price/earnings ratio is closest to:
5.24
7.91
0.19
7.51
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
