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What tamarisk inc price-earnings ratio is

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Reference no: EM132913972

Problem 1: Tamarisk, Inc. had net income of $1616000 and paid dividends to common stockholders of $404000 in 2022. The weighted average number of shares outstanding in 2022 was 468640 shares. Tamarisk, Inc. common stock is selling for $30 per share on the NASDAQ. Tamarisk, Inc. price-earnings ratio is

Option 1: 3.4 times.
Option 2: 8.7 times.
Option 3: 8.0 times.

Reference no: EM132913972

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