Given the following information: $\begin{array}{lr}
\text { Preferred dividends}&\$50\
\text {Income taxes }&\$200\
\text { Average number of sharess outstanding}&250\text { shares}\
\text {Market price per common share }&\$10\
\text { Net income}&\$600\
\end{array}$
What is the price/earnings ratio?
A)3.3 times
B)2.9 times
C)3.8 times
D)4.5 times

Question

Given the following information: $\begin{array}{lr}
\text { Preferred dividends}&\$50\
\text {Income taxes }&\$200\
\text { Average number of sharess outstanding}&250\text { shares}\
\text {Market price per common share }&\$10\
\text { Net income}&\$600\
\end{array}$
 What is the price/earnings ratio?
A)3.3 times
B)2.9 times
C)3.8 times
D)4.5 times

Quizplus · Accepted Answer

The Answer of Given the following information: $\begin{array}{lr}
\text { Preferred dividends}&\$50\
\text {Income taxes }&\$200\
\text { Average number of sharess outstanding}&250\text { shares}\
\text {Market price per common share }&\$10\
\text { Net income}&\$600\
\end{array}$
 What is the price/earnings ratio?
A)3.3 times
B)2.9 times
C)3.8 times
D)4.5 times

Given the Following Information What Is the Price/earnings Ratio? A)3

Given the Following Information What Is the Price/earnings Ratio?
A)3