Financial Accounting Need Answer!! Vivi Corporation had a net income of $401,000 in 2015. Thecompany's Common Stock account balance all year longwas $267,000 ($10 par stock). The market price per share asof December 31, 2015, was $33.50. Calculate the price-earnings ratio for 2015.a. 2.23.b. 33.5.c. 0.44.d. 22.3.

Step 1: Definition of Ratio Analysis:Ratio analysis is a tool used in accounting to measure and…

Answered: Vivi Corporation had a net income of…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.16E

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Vivi Corporation had a net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10 par stock). The market price per share as of December 31, 2015, was $33.50. Calculate the price- earnings ratio for 2015. a. 2.23. b. 33.5. c. 0.44. d. 22.3.