Frost Corporation Reported Net Income of $65,000 in 2013

question 121

Multiple Choice

Frost Corporation reported net income of $65,000 in 2013. The company had 90,000 shares of $12 par value common stock outstanding and a market price of $18 per share. Frost's price-earnings ratio was closest to:

• A)25:1
• B)2.5:1
• C)16.6:1
• D)1.5:1

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