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Richards Corporation had net income of $268,099 and paid dividends to common stockholders of $58,200....

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Accounting

Richards Corporation had net income of $268,099 and paid dividends to common stockholders of $58,200. It had 53,300 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $50 per share. The price-earnings ratio is

a.13.00 times

b.1.00 times

c.5.03 times

d.9.94 times

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