Richards Corporation had net income of $238,707 and paid dividends to common stockholders of $47,500. It had

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Richards Corporation had net income of $238,707 and paid dividends to common stockholders of $47,500. It had 56,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $63 per share.

What is the price-earnings ratio?

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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Posted Date: Apr 20, 2024 08:42 AM

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Richards Corporation had net income of $238,707 and paid dividends to common stockholders of $47,500. It had

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The priceearnings ratio PE ratio is a financial ratio that measures the price of a share of stock re... View the full answer

Intermediate Accounting

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