Per share market price of Far Eastern Co. stock on January 1, 19x8 was P60 and on December 31, 19x8 was P72. Net income for 19x8 was P48,000. Dividends to the preferred stockholders for the year totaled P12,000, and dividends of P2.50 per share were paid on the 6,000 shares of common stock outstanding during the year. The price-earnings ratio for Far Eastern Co. at year end was: (SHOW SOLUTION)a. 10 to 1b. 6 to 1c. 11 to 1d. 12 to 1 The total assets in the Deidet Co. on December 31, 29x8 were P2.3 million and on December 31, 19x9 were P2.5 million. Income after taxes for 19x9 was P188,000. Dividends for 19x9 totaled P75,000, interest expenses totaled P70,000, and tax rate was 30%. The return on total assets for 19x9 (rounded to the nearest tenth of a percentage point) is: (SHOW SOLUTION)a. 9.5%b. 6.8%c. 9.9%d. 10.8%

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