ABC Company Has a Net Income of $5 Million

question 107

Multiple Choice

ABC Company has a net income of $5 million.ABC's number of outstanding shares of stock is 3,870,000 shares.What is the company's earnings per share?

• A) $1.29
• B) $.77
• C) $1.25
• D) $.80
• E) $18.75

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Definitions:

Pearson Correlation

A statistical measure that evaluates the linear relationship between two continuous variables, expressed as a value between -1 and 1.

Temperature

A measure of the average kinetic energy of the particles in an object or system, perceived as how hot or cold something is.

Ice Cream Cones

Edible wafer or sugar cones that serve as a handheld means to consume ice cream.

Measurement Scale

A system or standard used to assign values to variables for the purpose of quantifying characteristics or attributes.