A company has earnings per share net income of $900,000; its weighted-average co

Question

A company has earnings per share net income of $900,000; its weighted-average common shares outstanding are 180,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals: 9.0. 17.6. 12.5. 15.2. 16.9. A company has earnings per share net income of $900,000; its weighted-average common shares outstanding are 180,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals: 9.0. 17.6. 12.5. 15.2. 16.9. 9.0. 17.6. 12.5. 15.2. 16.9.

Explanation / Answer

Earning per share = 900000/180000=$5

price-earnings ratio equals:

=88/5

=17.60

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