2016 2015 Total current assets Total investments S600,000 $560,000 60,000 40,000 Total property, plant, and equipment...
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2016 2015 Total current assets Total investments S600,000 $560,000 60,000 40,000 Total property, plant, and equipment Total current liabilities 900,000 700,000 125,000 80,000 Total long-tem liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings 350,000 250,000 100,000 600,000 60,000 100,000 600,000 60,000 325,000 210,000 Based on the above information, if net income is S130,000 and interest expense is $40,000 or 2016, and the market price is $40, what is the price-earnings ratio on common stock round to one decimal place)? а. 19.8 b. 18.4 c. 17.3 2016 2015 Total current assets Total investments S600,000 $560,000 60,000 40,000 Total property, plant, and equipment Total current liabilities 900,000 700,000 125,000 80,000 Total long-tem liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings 350,000 250,000 100,000 600,000 60,000 100,000 600,000 60,000 325,000 210,000 Based on the above information, if net income is S130,000 and interest expense is $40,000 or 2016, and the market price is $40, what is the price-earnings ratio on common stock round to one decimal place)? а. 19.8 b. 18.4 c. 17.3
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