MusicPod's Earnings Per Share Ratios Were $2

MusicPod's earnings per share ratios were $2.47 and $2.07 respectively for 2011 and 2010.MusicPod's stock was trading at $53.00 and $41.50 per share at the end of 2011 and 2010 respectively.The company paid cash dividends per share of $.85 in 2011 and $.63 in 2010.Total stockholders' equity was $13,572 million and $11,896 million in 2011 and 2010 respectively.The common shares outstanding were approximately 1,782,000 in both 2011 and 2010.What was MusicPod's price/earnings ratio for 2011?

A) 21.5
B) 62.4
C) 20.0
D) 2.9

Correct Answer:

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