Smith Reported the Following for 2012 The Price Earnings Ratio and Dividend Payout Were:
A)16

question 37

Multiple Choice

Smith reported the following for 2012. $\begin{array}{lr}\text { Beginning market price } & \$ 20.00 \\\text { Average market price } & 24.00 \\\text { Ending market price } & 26.00\\\text { Earnings per share: }\\\text { Basic } & 1.80 \\\text { Diluted } & 1.60 \\\text { Cash dividends per share } & 1.00\\\end{array}$ The price earnings ratio and dividend payout were:

• A)16.25 and 62.50%.
• B)16.25 and 65.00%.
• C)17.00 and 62.50%.
• D)15.00 and 62.50%.
• E)15.00 and 60.00%.

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Definitions:

Percolation

The process of a liquid slowly passing through a filter or porous substance, often used in the context of water movement through soil.

Groundwater

Water stored underground in soil and crevasses, or an aquifer

Evaporation

The process by which a liquid turns into vapor, typically under the effect of heat.

Nitrogenase

The enzyme responsible for nitrogen fixation under anaerobic conditions.