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Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000....

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Accounting

Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $35 per share. The price-earnings ratio is

a. 14 times

b. 5 times

c. 7 times

d. 2 times

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