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.)

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.)

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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