At December 31, 2016, McKinley’s price-earnings ratio was 13.4. For 2016, McKinley’s net income was $660,000, its earnings per share was $7.00, and its annual dividend per share was $4.00. What was the per share market price of McKinley’s stock at December 31, 2016?   Question 19 options:   A)  $53.60   B)  $65.60   C)  $93.80   D)  $40.20

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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At December 31, 2016, McKinley’s price-earnings ratio was 13.4. For 2016, McKinley’s net income was $660,000, its earnings per share was $7.00, and its annual dividend per share was $4.00.

What was the per share market price of McKinley’s stock at December 31, 2016?
 

Question 19 options:

 

A) 

$53.60
 

B) 

$65.60
 

C) 

$93.80
 

D) 

$40.20
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