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What the price-earnings ratio

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Reference no: EM132726942

Question - The following information was available for the year ended December 31, 2019:

Net income $50,000

Average total assets 600,000

Dividends per share 1.40

Earnings per share 5.00

Market price per share at year-end 70.00

Required - What the price-earnings ratio for 2019?

a. 14.0

b. 28.0

c. 12.0

d. 50.0

Reference no: EM132726942

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