A company has a stock price of $50 per share, earnings per share of $1.00, and dividends per share of $0.30. What is the company's price/earnings ratio? a. 40.0 b. 50.0 c. 60.0 d. 70.0

Cornerstones of Financial Accounting
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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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What is the company's price earnings ratio for this financial accounting question?

A company has a stock price of $50 per share, earnings per share of
$1.00, and dividends per share of $0.30. What is the company's
price/earnings ratio?
a. 40.0
b. 50.0
c. 60.0
d. 70.0
Transcribed Image Text:A company has a stock price of $50 per share, earnings per share of $1.00, and dividends per share of $0.30. What is the company's price/earnings ratio? a. 40.0 b. 50.0 c. 60.0 d. 70.0
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