MusicPod's earnings per share ratios were $2.47 and $2.07 respectively for 2019 and 2018.MusicPod's stock was trading at $53.00 and $41.50 per share at the end of 2019 and 2018 respectively.The company paid cash dividends per share of $0.85 in 2019 and $0.63 in 2018.Total stockholders' equity was $13,572 million and $11,896 million in 2019 and 2018 respectively.The common shares outstanding were approximately 1,782,000 in both 2019 and 2018.
-MusicPod's price/earnings ratio for 2019 is closest to:

Question

MusicPod's earnings per share ratios were $2.47 and $2.07 respectively for 2019 and 2018.MusicPod's stock was trading at $53.00 and $41.50 per share at the end of 2019 and 2018 respectively.The company paid cash dividends per share of $0.85 in 2019 and $0.63 in 2018.Total stockholders' equity was $13,572 million and $11,896 million in 2019 and 2018 respectively.The common shares outstanding were approximately 1,782,000 in both 2019 and 2018. 
-MusicPod's price/earnings ratio for 2019 is closest to:

Quizplus · Accepted Answer

The price/earnings ratio is calculated by dividing the stock price by the earnings per share. For 2019, the price/earnings ratio is $53.00 / $2.47 = 21.46, which is closest to 21.5.

MusicPod's Earnings Per Share Ratios Were $2