During the year, Blitzen Corporation had net income of $200,000, paid $40,000 in dividends to common stockholders, and paid $50,

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3 years ago

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During the year, Blitzen Corporation had net income of $200,000, paid $40,000 in dividends to common stockholders, and paid $50,

000 in dividends to preferred shareholders. The weighted average number of shares outstanding for the year was 40,000 shares, and Blitzen Corporation's common stock was selling for $35 per share on the New York Stock Exchange at the end of the year. Blitzen Corporation's price-earnings ratio is Select one: a. 5 times. b. 12.73 times. c. 7 times. d. 8.75 times. e. 9.33 times.

Business