Montreal Electronics Has the Following Data Available $\text{Weighted Average Number of Common}$

question 50

Multiple Choice

Montreal Electronics has the following data available:
$\begin{array}{lll}&&&&&& 2013 & 2012 \\ \text { Net Income } &&&&&& \$ 90 & \$ 80 \\\text { Preferred Dividends Per Share }&&&&&& \$ 0 & \$ 0\end{array}$
$\text{Weighted Average Number of Common}$
$\begin{array} { c l l } \text { Shares Outstanding During Year } & 200 & 200 \\\text { Annuel Common Dividende Per Share } & \$ 1.40 & \$ .20 \\\text { Closing Market Price Common Stcck, 12/31 } & \$ 9.00 & \$ 6.06\end{array}$
What is the price-earnings ratio for Montreal Electronics in 2013? Has the price-earnings ratio improved or not improved since 2012?

• A)15,not improved
• B)15,improved
• C)15,unknown
• D)20,improved
• E)20,not improved

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