Business, 20.11.2019 06:31 jordanfwtm

Net income $ 209,600 preferred stock outstanding, 12% cumulative $ 80,000 market price per share of common stock $ 24.00 total stockholders’ equity $ 1,240,000 average number of common shares outstanding 100,000 shares number of common shares outstanding at end of the accounting period 120,000 shares dividends per share on common stock $ 0.50 per share.

based on this information the company's price-earnings ratio:

(a). 5 to 1

(b). 12 to 1

(c). 2 to 1

(d). 10 to 1

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Net income $ 209,600 preferred stock outstanding, 12% cumulative $ 80,000 market price per share of...

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