The market price of National Company's common stock increased from per share of common stock remained unchanged. The company's price impossible to determine. remain unchanged. increase
The market price of National Company's common stock increased from per share of common stock remained unchanged. The company's price impossible to determine. remain unchanged. increase
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
23
Transcribed Image Text:The market price of National Company's common stock increased from P100 to P150. Earnings
per share of common stock remained unchanged. The company's price-earnings ratio would: *
D impossible to determine.
O remain unchanged.
D increase.
decrease.
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