Toledo corporations common stock is selling for 50 per, Ask an Expert

Accounting

Toledo Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2009. The weighted average number of shares outstanding in 2009 was 50,000 shares. Toledo Corporation's common stock is selling for $50 per share on the New York Stock Exchange.

Toledo Corporation's price-earnings ratio is:

a. 5 times.

b. 10 times.

c. 8 times.

d. 2 times.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439981

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