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Use the following information for XYZ Corp. to answer the next question. Price per share: $30.00 Annual dividends: $0.75 Total Assets: $12 billion Total Liabilities:

Use the following information for XYZ Corp. to answer the next question.

Price per share: $30.00

Annual dividends: $0.75

Total Assets: $12 billion

Total Liabilities: $10 billion

Preferred Stock: $2 billion

Net Income: $1.5 billion

Shareholders Equity: $5 billion

Shares Outstanding: 500 million

What is XYZ's price to earnings (PE) ratio?

  1. 5

  2. 10

  3. 15

  4. 20

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