A company has net income of $895,000; its weighted-average common shares outstanding are 179,000. Its...
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Accounting
A company has net income of $895,000; its weighted-average common shares outstanding are 179,000. Its dividend per share is $1.00, its market price per share is $99, and its book value per share is $92.50. Its price-earnings ratio equals:
Multiple Choice
19.80.
5.50.
6.50.
7.50.
18.50.
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