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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

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 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.
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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