The Apple Pie Company had net income of $48,600 and earnings per share of $4.27....
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Accounting
The Apple Pie Company had net income of $48,600 and earnings per share of $4.27. Apple Pie declared dividends of $3.10 per share of common stock during 2014. On December 31, 2014, the stock had a market price of $17.40 per share. Apple Pie's price/earnings ratio is closest to:
a) 5.61
b) 6.34
c) 0.25
d) 4.07
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