Question: During the current year Petric Company had earnings per share
During the current year, Petric Company had earnings per share of $2.20. It paid total dividends of $8,320 on 10,400 shares of common stock. At the end of the current year, Petric Company’s common stock was selling for $40 per share. Compute the price/earnings ratio and the dividend yield ratio of Petric Company for the current year.
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