Richards Corporation had net income of $241,562 and paid dividends to common stockholders of $49,400. It had 53,800 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $62 per share. The price-earnings ratio (rounded to two decimal places) is a.12.85 times b.15.39 times c.13.81 times d.15.05 times
Richards Corporation had net income of $241,562 and paid dividends to common stockholders of $49,400. It had 53,800 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $62 per share. The price-earnings ratio (rounded to two decimal places) is a.12.85 times b.15.39 times c.13.81 times d.15.05 times
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Richards Corporation had net income of $241,562 and paid dividends to common stockholders of $49,400. It had 53,800 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $62 per share. The price-earnings ratio (rounded to two decimal places) is
a.12.85 times
b.15.39 times
c.13.81 times
d.15.05 times
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