Mason Manufacturing had 2012 earnings of $850,000.Cash dividends per share were $1.25.The company had an average of 350,000 shares of common stock outstanding.The market price of the stock at the end of the year was $30 per share.What was the price-earnings ratio for Mason Manufacturing?
A) 24.0
B) 18.4
C) 9) 36
D) 12.35
E) Cannot be determined from the information provided
Correct Answer:
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