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Calculate beer corporation price earnings ratio

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Question 1: Beer Corporation had net income of $212,000, and paid dividends to common stockholders of $41,000 in 2017. The weighted average number of shares outstanding in 2017 was 59,500 shares. Beer Corporation's common stock is selling for $77 per share on the New York Stock Exchange. Calculate Beer Corporation's price earnings ratio. Round answer to one decimal place.

Option 1: 26.8

Option 2: 2.8

Option 3: 14.9

Option 4: 21.6

Reference no: EM132580562

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