Question - Information concerning O'Sadnick, Inc., on December 31, 2009, is as follows:
Book value per share. . . . . . . . . . . . . . . . . $24.00
Dividends per share. . . . . . . . . . . . . . . . . . 1 .00
Earnings per share . . . . . . . . . . . . . . . . . . 4.00
Par value per share . . . . . . . . . . . . . . . . . . 2.00
Market price per share . . . . . . . . . . . . . . . 1 6.00
What is O'Sadnick, Inc.'s price/earnings ratio for 2009?
a. 0.25.
b. 1.50.
c. 4.00.
d. 8.00.