Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000....
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Accounting
Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $35 per share. The price-earnings ratio is
a. 14 times
b. 5 times
c. 7 times
d. 2 times
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