Firehawk Corporation Had Net Income of $560,000 in 20x5 and Paid

Multiple Choice

Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock.Total stockholders' equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawk's stock was $58 throughout 20x5.Based on this information,what is the price/earnings ratio for Firehawk's stock?

A) 96.67 times.
B) 20.71 times.
C) 4.83 times.
D) 26.36 times.