On December 31,2014 and 2015,Williams Corporation had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding.Additional information:
The price-earnings ratio on common stock at December 31,2015,was
A) 10 to 1.
B) 12 to 1.
C) 14 to 1.
D) 16 to 1.
Correct Answer:
Verified
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