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  3. the following information was drawn from the accou

The following information was drawn from the accounting records of Suzuki Company. ...

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Accounting

The following information was drawn from the accounting records of Suzuki Company.
Net income $ 209,600
Preferred stock outstanding, 12% cumulative $ 80,000
Market price per share of common stock $ 24.00
Total stockholders' Equity $ 1,240,000
Average number of common shares outstanding 100,000 shares
Number of common shares outstanding at end of the accounting period 120,000 shares
Dividends per share on common stock $ 0.50 per share

Based on this information the company's price-earnings ratio

5 to 1

12 to 1

2 to 1

10 to 1

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