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Category > Business & Finance Posted 31 Jul 2017 My Price 6.00

Fackrell Company has provided the following data

Fackrell Company has provided the following data:

Common stock:

 

Shares outstanding

20,000

Market value, December 31

$150,000

Book value, December 31

$80,000

Dividends paid

$40,000

Preferred stock, 8%, 100 par

$100,000

Net income

$100,000

Interest on long-term debt

$10,000

The price-earnings ratio is closest to:

A) 1.50

B) 1.63

C) 2.50

D) 2.88

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Status NEW Posted 31 Jul 2017 01:07 PM My Price 6.00

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