eminus Bay Inc. provides the following information for the year 2015: Net income $ 250...
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eminus Bay Inc. provides the following information for the year 2015: Net income $ 250 comma 000 Market price per share of common stock $ 50 per share Dividends paid $ 190 comma 000 Common stock outstanding at Jan. 1, 2015 160 comma 000 shares Common stock outstanding at Dec. 31, 2015 220 comma 000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. A. 38.00 times B. 32.05 times C. 50.00 times D. 43.86 times
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