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  3. sheridan corporation had net income of $2,020,000

Sheridan Corporation had net income of $2,020,000 and paid dividends to common stockholders of $294,000...

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Accounting

Sheridan Corporation had net income of $2,020,000 and paid dividends to common stockholders of $294,000 in 2017. The weighted average number of shares outstanding in 2017 was 252,500 shares. Sheridan Corporation's common stock is selling for $56 per share on the NASDAQ. Sheridan Corporation's price-earnings ratio is

  • A. 14 times.

  • B. 6 times.

  • C. 7 times.

  • D. 8 times.

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