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raketka [301]
3 years ago
6

Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2017. The weighted average n

umber of shares outstanding in 2017 was 50,000 shares. Beta Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Beta Corporation's price-earnings ratio is
Business
1 answer:
Bas_tet [7]3 years ago
4 0

Answer:

The price earnings ratio for Beta corporation is 8 times

Explanation:

The formula for price-earnings ratio is the stock market price divided by the  stock earnings per share.

The stock market price has been given as $52 per share

the earnings per share=net income-preferred dividends/weighted average number of shares

net income is $325,000

preferred dividends is $0

weighted average number of shares is 50,000

earnings per share=($325,000-$0)/50,000=$6.5

price earnings ratio=$52/$6.5= 8 times

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