Business, 18.04.2020 03:26, hannahdrees0731

Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2017. The weighted average number of shares outstanding in 2017 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is:

a. 10 times.
b. 4 times.
c. 12.5 times.
d. 3 times.

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Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000...