The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. (Round any intermediate calculations and your final answer to two decimal places.)
Ketchen, Inc. provides the following information for 2018:
A) 48.67 times
B) 55.00 times
C) 40.74 times
D) 32.54 times
C) 40.74 times
* Earnings per share = (Net income- Preferred dividend) / Weighted average number of common shares
outstanding
**Price/earnings ratio = Market price per share of common stock / Earnings per share
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