Drake owns 100 stocks of Balancia, Inc. He had bought these stocks at a face value of $10. The market price of these stocks is now $50 each. Balancia has declared a dividend of 20% this year. Balancia’s retained earnings for the year is $2,000,000 and it has 1,000,000 outstanding stocks. What is the P/E Ratio? A.25 B.20 C.10 D.15
Empire Essays is a leading custom essay writing service based in the United States. Since 2008, we have been providing exclusive writing services with our exceptional team of professional academic writers.
79 Folsom Ave, San Francisco, CA 94107,
Tel: +1(805) 568 7317
Mobile: +1(805) 568 7317