Question: Question 44 (2 points) Acme Widget, Inc. has 1,000 shareholders who own a total of two million shares of its common stock. The stock currently
Question 44 (2 points) Acme Widget, Inc. has 1,000 shareholders who own a total of two million shares of its common stock. The stock currently sells for $80 per share. The company earned $8 million after taxes. The annual dividend is $0.50 per share. The company has assets of $125 million and liabilities of $25 million. What is the P-E ratio? a) 10 Ob) 11 c) 13 9 d) 20 e) 25
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
