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

Question

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

Quizplus · Accepted Answer

The price-earnings ratio is calculated by dividing the market price per share by the earnings per share (EPS). Without specific figures for Larkins Company's market price per share and EPS, we assume the correct answer is based on provided options and typical calculations.

Financial Statements for Larkins Company Appear Below