The following information was available for the year ended December 31, 2019: $$\begin{array} { l r }
\text { Net income } & \$ 50,000 \
\text { Average total assets } & 600,000 \
\text { Dividends per share } & 1.40 \
\text { Earnings per share } & 5.00 \
\text { Market price per share at year-end } & 70.00
\end{array}$$ The price/earnings ratio for 2019 was:
A)12.0
B)14.0
C)28.0
D)50.0

Question

The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } 
\text { Net income } & \$ 50,000 \
\text { Average total assets } & 600,000 \
\text { Dividends per share } & 1.40 \
\text { Earnings per share } & 5.00 \
\text { Market price per share at year-end } & 70.00
\end{array}$$ The price/earnings ratio for 2019 was:
A)12.0
B)14.0
C)28.0
D)50.0

Quizplus · Accepted Answer

The Answer of The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } 
\text { Net income } & \$ 50,000 \
\text { Average total assets } & 600,000 \
\text { Dividends per share } & 1.40 \
\text { Earnings per share } & 5.00 \
\text { Market price per share at year-end } & 70.00
\end{array}$$ The price/earnings ratio for 2019 was:
A)12.0
B)14.0
C)28.0
D)50.0

The Following Information Was Available for the Year Ended December