Question
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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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
