Select the correct answer. Drake owns 100 stocks of Balancia, Inc. He had bought these stocks at a face value of $10. The market price of these stocks is now $50 each.

Balancia has declared a dividend of 20% this year. Balancia's retained earnings for the year is $2,000,000 and it has 1,000,000 outstanding

stocks. What is the P/E Ratio?

25

Step-by-step explanation:

The Price to Earnings ratio, AKA, the P/E ratio, is calculated by dividing the Market price of the stock by the Earnings per share.

Earnings per share = Net earnings for the year / Number of shares

= 2,000,000 / 1,000,000

= $2 per share

P/E ratio = Market price of shares/ Earnings per share

= 50 / 2

= 25

14.3

step-by-step explanation:

add all the numbers together.

9 + 12 + 15 + 16 + 17 + 17 = 86

now, divide 86 by how many numbers we have: 6.

86 / 6 = 14.3

3100

step-by-step explanation: