Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000...
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Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000 in 2017. The weighted average number of shares outstanding in 2017 was 528000 shares. Marigold Corporation's common stock is selling for $50 per share on the NASDAQ. Marigold Corporation's price-earnings ratio is
A) 3 times
B) 11.5 times
C) 7.5 times
D) 16 times
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