Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2022. The weighted average number of shares outstanding in 2022 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is O 12 times O 5 times 20 times 10 times

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in
2022. The weighted average number of shares outstanding in 2022 was 400,000 shares. Tito Corporation's
common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is
12 times
5 times
20 times
10 times
Transcribed Image Text:Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2022. The weighted average number of shares outstanding in 2022 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is 12 times 5 times 20 times 10 times
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