Use the Following Information for Questions

question 89

Multiple Choice

Use the following information for questions
During 2022, Amazing Corp.reported after-tax net income of $900,000 and paid $175,000 in common dividends.The weighted average number of common shares issued in 2022 was 200,000.There are no preferred shares issued.At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
-Amazing's price-earnings ratio is

• A)180 times.
• B)12 times.
• C)18 times.
• D)6 times.

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