Trenton Company has provided the following Information: • Net Income, $320,000; • Preferred shares Issued, 6,800; • Weighted average number of shares of common stock Issued, 24,800; . Cash dividends declared and pald on common stock, $38,000; - Market price per share, $44; Weighted average number of treasury shares of common stock, 4,800. What is Trenton's price/earnings ratio? Multiple Choice 2.75 5.23 4.07 3.41
Trenton Company has provided the following Information: • Net Income, $320,000; • Preferred shares Issued, 6,800; • Weighted average number of shares of common stock Issued, 24,800; . Cash dividends declared and pald on common stock, $38,000; - Market price per share, $44; Weighted average number of treasury shares of common stock, 4,800. What is Trenton's price/earnings ratio? Multiple Choice 2.75 5.23 4.07 3.41
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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