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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Island Coffee Company reported the following for 2012:

Earnings/share of   $19.23
Market price per share of common stock:   $67.00
Number of shares of common stock outstanding:    75,000
Net income:   $54,000
Dividends/share:   $6.73

What is the price earnings ratio for Island Coffee Company (rounded to two decimals)?
A) 9.96
B) 0.28
C) 2.85
D) 3.48
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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7 years ago
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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