The Following Amounts Were Taken from the Financial Statements of Ando

question 22

Multiple Choice

The following amounts were taken from the financial statements of Ando Company: $\begin{array}{lrr}&2017&2016\\\text { Total assets } & \$ 800,000 & \$ 1,0 \overline{00,000} \\\text { Net sales } & 720,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 108,000 & 117,000 \\\text { Weighted average number of } & & \\\quad \text { common shares outstanding } & 90,000 & 90,000 \\\text { Market price of common stock } & \$ 42 & \$ 39\end{array}$ The price-earnings ratio for 2017 is

• A)35 times.
• B)30 times.
• C)42 times.
• D)3 times.

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Synapses

The junctions through which neurons signal to each other or to non-neuronal cells such as those in muscles or glands.

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The period of life from birth to adolescence, characterized by rapid physical growth, cognitive development, and emotional maturation.

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