The Apple Pie Company had net income of $47,500,earnings per share of $3.17 and declared dividends per share of $2.00 during 2010.On December 31,2010,the stock had a market price of $18.50 per share.What is Apple Pie's price/earnings ratio?
A)9.25
B)8.11
C)5.84
D)0.17

Question

Quizplus · Accepted Answer

Price/earnings ratio (5.84) = Market price per share ($18.50) F1F1F1S1F1F1F10 Earnings per share ($3.17)

The Apple Pie Company Had Net Income of $47,500,earnings Per