Business, 30.09.2019 23:30 etaylor3421

Kelemen, inc. provides the following information for 2017: net income$260,000market price per share of common stock$50 per sharedividends paid$190,000common stock outstanding at jan. 1, 2017150,000 sharescommon stock outstanding at dec. 31, 2017210,000 sharesthe company has no preferred stock outstanding. calculate the price/earnings ratio of common stock. (round any intermediate calculations and your final answer to two decimal places.)

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Kelemen, inc. provides the following information for 2017: net income$260,000market price per share...