2A2S DEVLIN INC. HAS 250,000 SHARES OF $10 PAR VALUE COMMON STOCK OUT...
76.
CSO: 2A2e
LOS: 2A2s
Devlin Inc. has 250,000 shares of $10 par value common stock outstanding. For the
current year, Devlin paid a cash dividend of $3.50 per share and had earnings per share of
$4.80. The market price of Devlin’s stock is $34 per share. Devlin’s price/earnings ratio
is
a.
2.08.
b.
2.85.
c.
7.08.
d.
9.71.