What is the panza corporation''s price-earnings ratio


Panza Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2010. The weighted average number of shares outstanding in 2010 was 50,000 shares. Panza Corporation's common stock is selling for $40 per share on the New York Stock Exchange. what is the Panza Corporation's price-earnings ratio ?

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Accounting Basics: What is the panza corporation''s price-earnings ratio
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