A firm has total assets of $510,000. There are 45,000 shares of stock outstanding with a market value of $48 a share. The firm has a net income of $70,000. What is the price-earnings ratio.
Collins Inc's latest net income was $2 million, and it had 400,000 shares outstanding. The company wants to pay out 40% of its income as dividends. What dividend per share should the company declare?