Settles Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's price-earnings ratio for Year 2 is closest to:
A)19.00
B)12.53
C)7.46
D)1.52

Question

Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's price-earnings ratio for Year 2 is closest to:
A)19.00 
B)12.53 
C)7.46 
D)1.52

Quizplus · Accepted Answer

The Answer of Settles Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share. The company's price-earnings ratio for Year 2 is closest to:
A)19.00 
B)12.53 
C)7.46 
D)1.52

Settles Corporation Has Provided the Following Financial Data