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Dion Corp. has a net income of $945,000; its weighted- average common shares outstanding are 189,000. Its dividend per share is $1.45, its market price per share is $120, and its book value per share is $108. What is its price-earnings ratio? (Do not round your intermediate calculations) a. 24.00 b. 19.00 c. 23.50 d. 6.20 Can you solve this financial accounting question with accurate accounting calculations?

Dion Corp. has a net income of $945,000; its weighted- average common shares outstanding are 189,000. Its dividend per share is $1.45, its market price per share is $120, and its book value per share is $108. What is its price-earnings ratio? (Do not round your intermediate calculations) a. 24.00 b. 19.00 c. 23.50 d. 6.20 Can you solve this financial accounting question with accurate accounting calculations?

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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Dion Corp. has a net income of $945,000; its weighted- average common shares outstanding are 189,000. Its dividend per share is $1.45, its market price per share is $120, and its book value per share is $108. What is its price-earnings ratio? (Do not round your intermediate calculations) a. 24.00 b. 19.00 c. 23.50 d. 6.20 Can you solve this financial accounting question with accurate accounting calculations?
Transcribed Image Text:Dion Corp. has a net income of $945,000; its weighted- average common shares outstanding are 189,000. Its dividend per share is $1.45, its market price per share is $120, and its book value per share is $108. What is its price-earnings ratio? (Do not round your intermediate calculations) a. 24.00 b. 19.00 c. 23.50 d. 6.20 Can you solve this financial accounting question with accurate accounting calculations?
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