Tronnes corporation's net income last year was $1,750,000. the dividend on common stock was $2.60 per share and the dividend on preferred stock was $2.50 per share. the market price of common stock at the end of the year was $57.70 per share. throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. the price-earnings ratio is closest to

The price-earnings ratio is closest to 11.54

Explanation:

PE Ratio = Market Price Per Share/Earnings Per Share

Earnings Per Share = Net Income - Dividend on Preferred Shares/Common Outstanding Shares

= (1750000 - 2.5*100000)/300000 = 5 per share

PE Ratio = 57.70/5 = 11.54

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.

answer; lags, push the econ below the natural level of output;