Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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General Accounting

A company had a stock price of $45 per share, earnings per
share of $0.75, and dividends per share of $0.20. What is the
company's price/earnings ratio?
A. 1.7
B. 60.0
C. 225.0
D. 81.8
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Transcribed Image Text:A company had a stock price of $45 per share, earnings per share of $0.75, and dividends per share of $0.20. What is the company's price/earnings ratio? A. 1.7 B. 60.0 C. 225.0 D. 81.8
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