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The following information is available for Payton Incorporated. At the end of the year, the market price of its common stock is $550 per share. Earnings per share totaled $100 and dividends per share in the amount of $15 were paid during the year. The company's price-earnings ratio is

Sagot :

The company's price - earnings ratio is 5.5.

What is the price-earnings ratio?

The price to earning ratio is a financial metric used to value a company. It compares the price of a stock to the earnings of the stock. the higher the metric is, the higher the value of the firm

price to earning ratio (P / E) = market value per share / earnings

550 / 100 = 5.5

For more information on pe ratio, please check: https://brainly.com/question/18802904

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