Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. T
Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. T
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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1.
Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Concord Corporation's common stock is selling for $121.80 per share on the New York Stock Exchange. Concord Corporation's price-earnings ratio is
A. 3.4 times.
B. 30.0 times.
C. 21.0 times.
D. 36.3 times.
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