Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock. Total stockholders' equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawk's stock was $58 throughout 20x5. Based on this information, what is the price/earnings ratio for Firehawk's stock?
A) 96.67 times.
B) 20.71 times.
C) 4.83 times.
D) 26.36 times.
B
You might also like to view...
Which is an example of a closed question?
a. “Tell me about yourself.” b. “What did you do at your last job?” c. “Are you willing to travel?” d. “How did you hear about our company?”
Discuss examples of problems that might have occurred during the production of a document
What will be an ideal response?
Another term for earnings power is
a. nonrecurrent revenue. b. nonrecurrent gains. c. sustainable earnings. d. net change in equity.
Path–goal theory was developed to ______.
A. explain how leaders motivate followers to be satisfied and successful in their work B. explain how to get all followers in the in-group C. explain how motivation improves follower service orientation D. explain how authoritarian leader behaviors are inappropriate in the work setting