A company has net income of $855,000; its weighted-average common shares outstanding are 171,000. Its dividend per share is $1.40, its market price per share is $107, and its book value per share is $104.50. Its price-earnings ratio equals:
A. 1.10.
B. 3.90.
C. 21.40.
D. 20.90.
E. 2.50.
Answer: C
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Prescott Corporation is considering an investment in new equipment costing $918,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of $98,000. The equipment is expected to generate net cash inflows of $152,000 for each of the first five years and $116,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.)
A) 10.95% B) 11.34% C) 9.05% D) 10.24%
Common examples of financial intermediaries include all of the following EXCEPT
A) Pension Funds. B) Mutual Funds. C) Life Insurance Companies. D) Venture Capital Firms.
A debtor has the option of using either federal or state exemptions; however, the 2005 Act imposes limits on the use of a state homestead exemption to the extent that the homestead was obtained through fraudulent conversion of nonexempt assets at any time before filing the bankruptcy petition
Indicate whether the statement is true or false
The Franklin Review has 30,000 subscribers. A new restaurant in town pays $500 for a half-page ad in the newspaper. What is the cost per thousand (CPM)?
A. $166.70 B. $1.67 C. $16.67 D. $60.00 E. $150.00