A Company Has 2 Million Shares of Common Stock Outstanding

Multiple Choice

A company has 2 million shares of common stock outstanding.Annual sales are $26 million.The net profit margin is 8% and the dividend payout ratio is 40%.Currently the stock trades at $17.68 per share.Given this information, the company has a P/E ratio of

A) 16 and a dividend yield of 2.35%.
B) 16 and a dividend yield of 3.20%.
C) 17 and a dividend yield of 2.35%.
D) 17 and a dividend yield of 3.20%.