Columbus Corp. had $410,000 additions to retained earnings for the year. The firm paid out $190,000 in cash dividends, and it has ending total equity of $6.7 million. The company currently has 210,000 shares of common stock outstanding and the stock currently sells for $75 per share. What is the PE ratio? Round it to two decimal places.

Columbus Corp. had $410,000 additions to retained earnings for the year. The firm paid out $190,000 in cash dividends, and it has ending total equity of $6.7 million. The company currently has 210,000 shares of common stock outstanding and the stock currently sells for $75 per share. What is the PE ratio? Round it to two decimal places.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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