Information concerning the Snake Company’s ordinary share is as follows: Per share Book value at December 31, 2012 P 12 Quoted market value on Philippine Stock Exchange on December 31, 2012 9 Earnings for 2012 3 Par value 2 Dividend for 2012 1 What was the price-earnings ratio on common stock for 2012? a. 2.00 to 1 c. 3.00 to 1 b. 2.67 to 1 d. 4.00 to 1
Information concerning the Snake Company’s ordinary share is as follows:
Per share
Book value at December 31, 2012 P 12
Quoted market value on Philippine Stock
Exchange on December 31, 2012 9
Earnings for 2012 3
Par value 2
Dividend for 2012 1
What was the price-earnings ratio on common stock for 2012?
a. 2.00 to 1 c. 3.00 to 1
b. 2.67 to 1 d. 4.00 to 1
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