On December 31, 2010 and 2011, Taft Corporation had 100,000 shares of common stock issued and outstanding. Additional information is as follows: The price-earnings ratio on common stock at December 31, 2011, was

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On December 31, 2010 and 2011, Taft Corporation had 100,000 shares of common stock issued and outstanding. Additional information is as follows:  The price-earnings ratio on common stock at December 31, 2011, was

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The Answer of On December 31, 2010 and 2011, Taft Corporation had 100,000 shares of common stock issued and outstanding. Additional information is as follows:  The price-earnings ratio on common stock at December 31, 2011, was

On December 31, 2010 and 2011, Taft Corporation Had 100,000