Multiple Choice
Franklin Corporation reported net income of $75,000 in Year 1.The company had 100,000 shares of $12 par value common stock outstanding and a market price of $18 per share.What is Franklin's price-earnings ratio?
A) 2.4
B) 24
C) 16.6
D) 1.5
Correct Answer:
Verified
Correct Answer:
Verified
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