Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is: a. two times b. three times c. four times d. five times
Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is: a. two times b. three times c. four times d. five times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is:
a. two times
b. three times
c. four times
d. five times
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