Question
Your Company had net income of $450,000 and paid no dividends during the year. It had 150,000 of weighted-average common shares outstanding at year end.
Your Company had net income of $450,000 and paid no dividends during the year. It had 150,000 of weighted-average common shares outstanding at year end. Its dividend per share was $2.05, its book value per share was $120 market price per share was $174, and its. What is the company's price-earnings ratio?
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
