Use the Following Information for Questions

question 65

Multiple Choice

Use the following information for questions .
Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2013. The weighted average number of shares issued in 2013 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange.
-Shannon Corporation's price-earnings ratio is

• A) 2 times.
• B) 8 times.
• C) 10 times.
• D) 5 times.

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