Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2022. The weighted average number of shares outstanding in 2022 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is O 12 times O 5 times 20 times 10 times
Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2022. The weighted average number of shares outstanding in 2022 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is O 12 times O 5 times 20 times 10 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 24E
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