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  3. richards corporation had net income of $225,666 an

Richards Corporation had net income of $225,666 and paid dividends to common stockholders of...

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Accounting

Richards Corporation had net income of $225,666 and paid dividends to common stockholders of $41,400. It had 56,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $69 per share. The price-earnings ratio is

a. 17.34
b. 1.00
c. 3.98
d. 21.00

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