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A company has a net income of $865,000; its weighted-average common shares outstanding are 173,000. Its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. Its price-earnings ratio equals? (Do not round your intermediate calculations) a. 2.20. b. 20.30. c. 21.00. d. 3.50. f. 4.80.

A company has a net income of $865,000; its weighted-average common shares outstanding are 173,000. Its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. Its price-earnings ratio equals? (Do not round your intermediate calculations) a. 2.20. b. 20.30. c. 21.00. d. 3.50. f. 4.80.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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A company has a net income of $865,000; its weighted-average common shares outstanding are 173,000. Its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. Its price-earnings ratio equals? (Do not round your intermediate calculations) a. 2.20. b. 20.30. c. 21.00. d. 3.50. f. 4.80.
Transcribed Image Text:A company has a net income of $865,000; its weighted-average common shares outstanding are 173,000. Its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. Its price-earnings ratio equals? (Do not round your intermediate calculations) a. 2.20. b. 20.30. c. 21.00. d. 3.50. f. 4.80.
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