Cultivo Corporation's capital stock at December 31 consisted of the following: Cultivo's common stock,which is listed on a major stock exchange,was quoted at $4 per share on December 31.Cultivo's net income for the year ended December 31 was $50,000.The yearly preferred dividend was declared.No capital stock transactions occurred.What was the price earnings ratio on Cultivo's common stock at December 31?

Question

Cultivo Corporation's capital stock at December 31 consisted of the following:  Cultivo's common stock,which is listed on a major stock exchange,was quoted at $4 per share on December 31.Cultivo's net income for the year ended December 31 was $50,000.The yearly preferred dividend was declared.No capital stock transactions occurred.What was the price earnings ratio on Cultivo's common stock at December 31?

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The Answer of Cultivo Corporation's capital stock at December 31 consisted of the following:  Cultivo's common stock,which is listed on a major stock exchange,was quoted at $4 per share on December 31.Cultivo's net income for the year ended December 31 was $50,000.The yearly preferred dividend was declared.No capital stock transactions occurred.What was the price earnings ratio on Cultivo's common stock at December 31?

Cultivo Corporation's Capital Stock at December 31 Consisted of the Following