A Company Has Net Income of $66,000, a Price-Earnings Ratio

question 84

Multiple Choice

A company has net income of $66,000, a price-earnings ratio of 24.1, and 26,000 shares of stock outstanding. If the price-cash flow ratio is 19, what is the cash flow per share?

• A)$2.05
• B)$2.34
• C)$2.50
• D)$2.81
• E)$3.22

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