At December 31,2013, Mckensie's price-earnings ratio was 13.4. For 2014, Mckensie's net income was $330,000,...
50.1K
Verified Solution
Link Copied!
Question
Accounting
At December 31,2013, Mckensie's price-earnings ratio was 13.4. For 2014, Mckensie's net income was $330,000, its earnings per share was $3.50, and it's annual dividend per share was $2.00.
What was the per share market price of Mckensie's stock at December 31,2013?
A)$46.90
B)$16.40
C)$32.80
D)$57.40
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
