Question Content Area Richards Corporation had net income of $208,702 and paid dividends to common...
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Content Area Richards Corporation had net income of $208,702 and paid dividends to common stockholders of $47,500. It had 59,800 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $53 per share. The price-earnings ratio (rounded to two decimal places) is
a.14.23 times
b.16.76 times
c.16.20 times
d.15.19 times
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