Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to:
A)0.38
B)4.53
C)5.70
D)8.11

Question

Sperle Corporation has provided the following data concerning its stockholders' equity accounts:  Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to:
A)0.38 
B)4.53 
C)5.70 
D)8.11

Quizplus · Accepted Answer

The Answer of Sperle Corporation has provided the following data concerning its stockholders' equity accounts:  Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to:
A)0.38 
B)4.53 
C)5.70 
D)8.11

Sperle Corporation Has Provided the Following Data Concerning Its Stockholders