Blitzen corporation had net income of 200000 and paid

Reference no: EM13578489

Blitzen Corporation had net income of $200,000 and paid dividends to common stockholders of $50,000 in 2014. The weighted average number of shares outstanding in 2014 was 40,000 shares. Blitzen Corporation's common stock is selling for $35 per share on the New York Stock Exchange. Calculate the Blitzen Corporation's price-earnings ratio.

Reference no: EM13578489

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