Determine the price to earnings ratio, Accounting Basics

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Determine the price to earnings ratio

Question: Information from the financial statements of Spain Company is provided below: 20X2 20X1 Total comprehensive income $ 110,000 $ 123,000 Cash dividends paid $ 42,000 $ 38,000 Average number of shares $ 140,000 $ 145,000 Market price per share year-end $ 16 $ 13 The price to earnings ratio for 20X2 is: Group of answer choices 20.63 17.77 20.36 18.97

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Accounting Basics: Determine the price to earnings ratio

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