Homework Help is Here – Start Your Trial Now!
Business
Accounting
Tech Vision Corp. has a net income of $3,600,000; its weighted- average common shares outstanding are 450,000. The company's dividend per share is $2.25, its market price per share is $168, and its book value per share is $142.50. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 16.80 b. 18.90 c. 21.00 d. 22.40

Tech Vision Corp. has a net income of $3,600,000; its weighted- average common shares outstanding are 450,000. The company's dividend per share is $2.25, its market price per share is $168, and its book value per share is $142.50. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 16.80 b. 18.90 c. 21.00 d. 22.40

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...
See similar textbooks
icon
Related questions
Question

Hi expert please give me answer general accounting question

Tech Vision Corp. has a net income of $3,600,000; its weighted- average common shares outstanding are 450,000. The company's dividend per share is $2.25, its market price per share is $168, and its book value per share is $142.50. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 16.80 b. 18.90 c. 21.00 d. 22.40
Transcribed Image Text:Tech Vision Corp. has a net income of $3,600,000; its weighted- average common shares outstanding are 450,000. The company's dividend per share is $2.25, its market price per share is $168, and its book value per share is $142.50. What is its price-earnings ratio? (Do not round your intermediate calculations.) a. 16.80 b. 18.90 c. 21.00 d. 22.40
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS