Multiple Choice
At December 31, 2019, Van Beek's price-earnings ratio was 14.6. For 2019, Van Beek's net income was $1,980,000, its earnings per share was $21.00, and its annual dividend per share was $12.00.
What was the per share market price of Van Beek's stock at December 31, 2019?
A) $306.60
B) $199.20
C) $248.40
D) $175.20
Correct Answer:
Verified
Correct Answer:
Verified
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