Question
Zane Corporation had net income of $238,000, and paid dividends to common stockholders of $54,000 in 2017. The weighted average number of shares outstanding in
Zane Corporation had net income of $238,000, and paid dividends to common stockholders of $54,000 in 2017. The weighted average number of shares outstanding in 2017 was 53,000 shares. Zane Corporation's common stock is selling for $90 per share on the New York Stock Exchange. Calculate Zane Corporation's price earnings ratio.
A. 20.4
B. 25.9
C. 20.0
D. 2.6
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Current Issues In Auditing
Authors: Michael J Sherer, W Stuart Turley
3rd Edition
1853963658, 978-1853963650
