The Stock Listing for a Company Shows a P/E of 18

question 105

Multiple Choice

The stock listing for a company shows a P/E of 18, a dividend yield of 2.4% and a closing price of $23.76.What is the amount of dividends per share?

• A)$0.03
• B)$0.57
• C)$1.03
• D)$1.32

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Definitions:

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Average Daily Cost

The average daily cost refers to the total cost per day, calculated by dividing the total expenses by the number of days in the period under consideration.

Days' Sales

A financial metric that estimates the average time it takes a company to convert its inventory into sales.

Cost Of Goods Sold

Direct expenses associated with creating the goods a company sells, including both materials and labor.