Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The price-earnings ratio for Year 2 is closest to:
A) 5.70
B) 8.14
C) 4.13
D) 9.50

Question

Lesmerises Corporation's most recent balance sheet and income statement appear below:   Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The price-earnings ratio for Year 2 is closest to:
A) 5.70 
B) 8.14 
C) 4.13 
D) 9.50

Quizplus · Accepted Answer

The Answer of Lesmerises Corporation's most recent balance sheet and income statement appear below:   Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The price-earnings ratio for Year 2 is closest to:
A) 5.70 
B) 8.14 
C) 4.13 
D) 9.50

Lesmerises Corporation's Most Recent Balance Sheet and Income Statement Appear