Dooley Corporation Had Net Income of $200,000 and Paid Dividends

question 177

Multiple Choice

Dooley Corporation had net income of $200,000 and paid dividends to ordinary shareholders of $40,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Dooley Corporation's ordinary shares are selling for $35 per share Dooley Corporation's price-earnings ratio is

• A) 5 times.
• B) 8.8 times.
• C) 4 times.
• D) 10.9 times.

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