The following information was drawn from the accounting records of Suzuki Company. ...
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Accounting
The following information was drawn from the accounting records of Suzuki Company.
| Net income | $ | 209,600 |
| Preferred stock outstanding, 12% cumulative | $ | 80,000 |
| Market price per share of common stock | $ | 24.00 |
| Total stockholders' Equity | $ | 1,240,000 |
| Average number of common shares outstanding | 100,000 shares | |
| Number of common shares outstanding at end of the accounting period | 120,000 shares | |
| Dividends per share on common stock | $ | 0.50 per share |
Based on this information the company's price-earnings ratio
5 to 1
12 to 1
2 to 1
10 to 1
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