Crestar Company Reported Net Income of $87,400 on 18,000 Average

question 101

Multiple Choice

Crestar Company reported net income of $87,400 on 18,000 average outstanding common shares. Preferred dividends total $11,800. On the most recent trading day, the preferred shares sold at $48 and the common shares sold at $78. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)

• A)16.06
• B)18.57
• C)20.59
• D)None of these answers choices are correct.

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Definitions:

Estate Taxes

Taxes levied on an individual's estate or the total value of a deceased person's money and property, payable to the government before distribution to heirs.

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