Answer:
price earning ratio = 18.62 time
Step-by-step explanation:
given data
earning = $362624
dividends = $226257
total equity = $4614400
common stock = 150000 shares
currently sells = $73 per share
to find out
price earning ratio
solution
we know that price earning ratio =
...........................1
here market price is $73 per share and
earning per share is =

earning per share =

earning per share = 3.92 per share
so from equation 1
price earning ratio =
price earning ratio = 18.62 time