On December 31, Sulfur Corporation has the following data available: Net Income $100,000 $5 Market price of one share of common stock Preferred dividends 40,000 Weighted - average number of shares of common stock outstanding Total common stockholders' equity at the beginning of the year Total common stockholders' equity at the end of the year 20,000 shares 450,000 300,000 What is the price - earnings ratio? (Round the final answer to two decimal places.) O A. 0.27 OB. 3.00 O C. 4.50 O D. 1.67
On December 31, Sulfur Corporation has the following data available: Net Income $100,000 $5 Market price of one share of common stock Preferred dividends 40,000 Weighted - average number of shares of common stock outstanding Total common stockholders' equity at the beginning of the year Total common stockholders' equity at the end of the year 20,000 shares 450,000 300,000 What is the price - earnings ratio? (Round the final answer to two decimal places.) O A. 0.27 OB. 3.00 O C. 4.50 O D. 1.67
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Transcribed Image Text:On December 31, Sulfur Corporation has the following data available:
Net Income
$100,000
$5
Market price of one share of common stock
Preferred dividends
40,000
Weighted - average number of shares of common stock outstanding
Total common stockholders' equity at the beginning of the year
20,000 shares
450,000
Total common stockholders' equity at the end of the year
300,000
What is the price - earnings ratio? (Round the final answer to two decimal places.)
O A. 0.27
O B. 3.00
OC. 4.50
O D. 1.67
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