Calculator robert corporation had net income of $237,510 and paid dividends to common stockholders of $49,600. they had 52,200 shares of common stock outstanding during the entire year. robert corporation's common stock is selling for $58 per share on the new york stock exchange. determine robert corporation's price-earnings ratio (round to two decimal places). select the correct answer. 4.55 times 12.75 times 1.00 times 16.00 times

12.75 times

Explanation:

The formula and the computation are shown below:

Price-earnings ratio = (Market price per share) ÷ (Earning per share)

where,

Earning per share would be

= (Net income) ÷ (Outstanding Number of shares)

= ($237,510) ÷ (52,200 shares)

= $4.55

And, the market price per share is $58

Now put these values to the above formula  

So, the ratio would equal to

= $58 ÷ 4.55

= 12.75 times

answerpurchase-occasion segmentation;

yes the correct answer was

b.the increased supply will create a surplus.