Patti's Pizza Has Net Income of $218,490, a Price-Earnings Ratio

question 27

Multiple Choice

Patti's Pizza has net income of $218,490, a price-earnings ratio of 14.6, and earnings per share of $1.32. How many shares of stock are outstanding?

• A) 14,965
• B) 19,754
• C) 165,523
• D) 171,000
• E) 173,407

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Definitions:

Eczema

A medical condition that causes the skin to become inflamed or irritated, characterized by itchiness, red skin, and a rash.

Eccrine Sweat Glands

Specialized sweat glands that help regulate body temperature through the release of a water-based secretion.

Watery Sweat

Sweat that is more liquid in consistency, often produced in higher volumes in response to heat, exercise, or stress.