Question

Refer to the RUT data in Short Exercise S13-14. Assume the market price of RUT’s common stock is $18 per share. Compute RUT’s price/earnings ratio.
In Short Exercise S13-14
RUT Corporation had net income for 2016 of $36,400. RUT had 2,400 shares of common stock outstanding at the beginning of the year and 20,000 shares of common stock outstanding as of December 31, 2016. During the year, RUT declared and paid preferred dividends of $5,040.


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  • CreatedJune 15, 2015
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