Theodore Company has 100,000 shares of P10 par value common stock issued and outstanding. Total stockholders' equity is P2,800,000 and net income for the year is P800,000. During the year Theodore Co. paid P3.00 per share in dividends on its common stock. The market value of Theodore's common stock is P25. What is the price-earnings ratio?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Theodore Company has 100,000 shares of P10 par value common stock issued and outstanding. Total stockholders' equity is P2,800,000 and net income for the year is P800,000. During the year Theodore Co. paid P3.00 per share in dividends on its common stock. The market value of Theodore's common stock is P25. What is the price-earnings ratio?

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