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The following information was available for the year ended December 31, 2019: Net income$50,000 Average total assets600,000 Dividends per share1.40 Earnings per share5.00 Market price

The following information was available for the year ended December 31, 2019:

Net income$50,000

Average total assets600,000

Dividends per share1.40

Earnings per share5.00

Market price per share at year-end70.00

The price/earnings ratio for 2019 was:

Multiple Choice

  • 14.0
  • 28.0
  • 12.0
  • 50.0

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