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Quantum Dynamics Inc. has a net income of $1,250,000; its weighted- average common shares outstanding are 215,000. The company's dividend per share is $1.75, its market price per share is $120, and its book value per share is $110.5. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 18.60 b. 19.20 c. 21.45 d. 22.80 e. 20.75

Quantum Dynamics Inc. has a net income of $1,250,000; its weighted- average common shares outstanding are 215,000. The company's dividend per share is $1.75, its market price per share is $120, and its book value per share is $110.5. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 18.60 b. 19.20 c. 21.45 d. 22.80 e. 20.75

Cornerstones of Financial Accounting
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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Quantum Dynamics Inc. has a net income of $1,250,000; its weighted- average common shares outstanding are 215,000. The company's dividend per share is $1.75, its market price per share is $120, and its book value per share is $110.5. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 18.60 b. 19.20 c. 21.45 d. 22.80 e. 20.75
Transcribed Image Text:Quantum Dynamics Inc. has a net income of $1,250,000; its weighted- average common shares outstanding are 215,000. The company's dividend per share is $1.75, its market price per share is $120, and its book value per share is $110.5. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 18.60 b. 19.20 c. 21.45 d. 22.80 e. 20.75
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