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Compute the Silas Corporation price-earnings ratio

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Question - Silas Corporation had net income of $240,000 and paid dividends to ordinary shareholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Silas Corporation's ordinary shares are selling for $76 per share on the New York Stock Exchange. Compute the Silas Corporation's price-earnings ratio?

a. 3.2 times.

b. 19 times.

c. 22.8 times.

d. 12.7 times.

Reference no: EM132777976

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