Question
Ventura Enterprises Ltd. reported a net income of $166,000 for the fiscal year that just ended. During the year a total of $40,000 was declared
Ventura Enterprises Ltd. reported a net income of $166,000 for the fiscal year that just ended. During the year a total of $40,000 was declared and paid to the preferred shareholders and there were 56,000 common shares outstanding throughout the year. If the market price per share is $20.50 what is the price-earnings ratio for Ventura Enterprises Ltd.?
a. 28.70
b 6.92
c 46.12
d 9.11
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
