Richards Corporation had net income of $255,398 and paid dividends to common stockholders of $55,700. It had 51,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $61 per share. The price-earnings ratio is Oa. 4.94 times Ob. 16.00 times Oc. 12.35 times Od. 1.00 times

Richards Corporation had net income of $255,398 and paid dividends to common stockholders of $55,700. It had 51,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $61 per share. The price-earnings ratio is Oa. 4.94 times Ob. 16.00 times Oc. 12.35 times Od. 1.00 times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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