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fashunluvr24 fashunluvr24
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9 months ago

Recher Corporation’s common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company’s balance sheet for several years. The total stockholders’ equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.

The company’s price-earnings ratio is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 19.79

▸ 0.51

▸ 8.36

▸ 12.53
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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jmmillerjmmiller
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fashunluvr24 Author
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9 months ago
Brilliant ツ
Helpmeplease11
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Yesterday
Smart ... Thanks!
kobbhy
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2 hours ago
Helped a lot
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