Question

A company has net income of $945,000; its weighted average common shares outstanding are $189,000. its dividend per share is $0.90, its market price per share is $97, and its book value per share is $89.50. its price earnings ratio equals:​

Answer 1

Step-by-step explanation:

Net Income=$945000

Average outstanding=$189000

Per Share=$0.90

Market price=$97

Book value=$89.50

Ratio=7:5