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What the price-earnings ratio for morris common stock

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Question - Information concerning the common stock of Morris Company as of November 30, the end of the company's current fiscal year, is presented below.

Number of shares outstanding 460,000

Par value per share $5.00

Dividends paid per share in current year 6.00

Market price per share 54.00

Primary earnings per share 18.00

Fully diluted earnings per share 12.00

Required - What the price-earnings ratio for Morris Company's common stock?

Reference no: EM133152528

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