Blitzen Corporation Had Net Income of $200000 and Paid Dividends

question 90

Multiple Choice

Blitzen Corporation had net income of $200000 and paid dividends to common stockholders of $50000 in 2017. The weighted average number of shares outstanding in 2017 was 40000 shares. Blitzen Corporation's common stock is selling for $35 per share on the New York Stock Exchange. Blitzen Corporation's price-earnings ratio is

• A) 5.6 times.
• B) 7 times.
• C) 5 times.
• D) 9.3 times.

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