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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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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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