Question

12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100. It had 60,000 share
1 0
Add a comment Improve this question Transcribed image text
Answer #1

Price earning ratio = Stock price / Earnings per share

Stock price = $66 per share

Earnings per share = Net income / Common stock outstanding

= $273,600 / 60,000

= $4.56

Price earning ratio = $66 / $4.56

= 14.47 times

Add a comment
Know the answer?
Add Answer to:
12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT