Excerpts from Goodrow Corporation's Most Recent Balance Sheet and Income

question 104

Multiple Choice

Excerpts from Goodrow Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $20 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $5.34 per share.
-The price-earnings ratio for Year 2 is closest to:

• A)8.22
• B)15.26
• C)17.80
• D)10.68

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