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The following data pertain to ABC Corporation for the calendar year 2012: Net Income                                                   P 240, 000 Dividends paid on ordinary share                   120, 000 Ordinary share outstanding (unchanged during the year)                                              300, 000shares  The market price per share of ABC’s ordinary share at December 31, 2012 was P12. The price-earnings ratio at December 31, 2012 was a. 9.6 to 1            c. 15.0 to 1  b. 10.0 to 1        d. 30.0 to 1

The following data pertain to ABC Corporation for the calendar year 2012: Net Income                                                   P 240, 000 Dividends paid on ordinary share                   120, 000 Ordinary share outstanding (unchanged during the year)                                              300, 000shares  The market price per share of ABC’s ordinary share at December 31, 2012 was P12. The price-earnings ratio at December 31, 2012 was a. 9.6 to 1            c. 15.0 to 1  b. 10.0 to 1        d. 30.0 to 1

FINANCIAL ACCOUNTING
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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The following data pertain to ABC Corporation for the calendar year 2012:
Net Income                                                   P 240, 000
Dividends paid on ordinary share                   120, 000
Ordinary share outstanding (unchanged
during the year)                                              300, 000shares
 The market price per share of ABC’s ordinary share at December 31, 2012
was P12. The price-earnings ratio at December 31, 2012 was
a. 9.6 to 1            c. 15.0 to 1
 b. 10.0 to 1        d. 30.0 to 1

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