CorpCo gathered the following information as of the end of the current fiscal year:
Dividends on common stock $125,000
Market price per share of common stock $115
Shares of common stock outstanding 5,000
Dividends on preferred stock $65,000
Shares of preferred stock outstanding 600
Earnings per share on common stock $102
Dividends per share of common stock $25
Net income $575,000
What is CorpCo's price-earnings ratio? Round your answer to one decimal place
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “CorpCo gathered the following information as of the end of the current fiscal year: Dividends on common stock $125,000 Market price per ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Anderson Corporation has purchased a group of assets for $16,600. The assets and their relative market values are listed below.
Answers (1)
Archway Architects, Inc., makes travel arrangements online and stores the confirming documents and receipts on its servers.
Answers (1)
Most managers get very little uninterrupted time to work on their priority tasks. a. True b. False
Answers (2)
What is the primary role of our banking system?
Answers (2)
The earned value divided by the actual, cumulative cost of the work to date is the: Budget efficiency index. Schedule performance index. Cost performance index. Budgeted cost at completion index.
Answers (1)
New Questions in Business
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
Answers (1)
Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth
Answers (1)