Given a year’s end net income of P1.5 million and 50, 000 ordinary shares outstanding throughout the year with market price per share at year’s being P120, the price earning ratio is: a. 2 times c. 4 times b. 3 times d. 5 times

Given a year’s end net income of P1.5 million and 50, 000 ordinary shares outstanding throughout the year with market price per share at year’s being P120, the price earning ratio is: a. 2 times c. 4 times b. 3 times d. 5 times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Given a year’s end net income of P1.5 million and 50, 000 ordinary shares
outstanding throughout the year with market price per share at year’s being P120, the price earning ratio is:
a. 2 times c. 4 times
b. 3 times d. 5 times

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