Hardister Corp

Hardister Corp. Hardister Corp. has the following information available from its financial statements for 2012:
Refer to the Hardister Corp. information above. At the end of 2012, Hardister's common stock was listed on the stock exchange as having a market price of $65 per share and there are 10,000 shares outstanding. Hardister has no preferred stock. What would be Hardister's price earnings (P/E) ratio for 2012? (round to two decimal places)

A) 7.69 to 1
B) 12.31 to 1
C) 1.30 to 1
D) .77 to 1

Correct Answer:

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