National Company has 100,000 shares of P10 par value common stock issued and outstanding. Total stockholders' equity is P2,800,000 and net income for the year is P800,000. During the year National Co. paid P3.00 per share in dividends on its common stock. The market value of National's common stock is P25. What is the price-earnings ratio? *
National Company has 100,000 shares of P10 par value common stock issued and outstanding. Total stockholders' equity is P2,800,000 and net income for the year is P800,000. During the year National Co. paid P3.00 per share in dividends on its common stock. The market value of National's common stock is P25. What is the price-earnings ratio? *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:National Company has 100,000 shares of P10 par value common stock issued and outstanding.
Total stockholders' equity is P2,800,000 and net income for the year is P800,000. During the
year National Co. paid P3.00 per share in dividends on its common stock. The market value of
National's common stock is P25. What is the price-earnings ratio? *
Sample format: 1.11
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