Everstone Holdings has a net income of $920,000, and its weighted-average common shares outstanding are 184,000. The company's dividend per share is $1.50, its market price per share is $120, and its book value per share is $115.60. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 24.00 b. 20.00 c. 21.74 d. 3.20

Everstone Holdings has a net income of $920,000, and its weighted-average common shares outstanding are 184,000. The company's dividend per share is $1.50, its market price per share is $120, and its book value per share is $115.60. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 24.00 b. 20.00 c. 21.74 d. 3.20

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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