Financial Statements for Larkins Company Appear Below

Multiple Choice

Financial statements for Larkins Company appear below:


Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.


-Larkins Company's price-earnings ratio on December 31, Year 2 was closest to:

A) 8.91
B) 8.57
C) 20.79
D) 6.00