A company had a stock price of $45 per share, earnings per share of $0.75, and dividends per share of $0.20. What is the company's price/earnings ratio? A. 1.7 B. 60.0 C. 225.0 D. 81.8

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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What is the company's price/earnings ratio?

A company had a stock price of $45 per share, earnings per
share of $0.75, and dividends per share of $0.20. What is the
company's price/earnings ratio?
A. 1.7
B. 60.0
C. 225.0
D. 81.8
Transcribed Image Text:A company had a stock price of $45 per share, earnings per share of $0.75, and dividends per share of $0.20. What is the company's price/earnings ratio? A. 1.7 B. 60.0 C. 225.0 D. 81.8
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