The Following Information Pertains to Ortiz Company

question 132

Multiple Choice

The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the price-earnings ratio for Ortiz?

• A)6.0 times
• B)1.1 times
• C)5 times
• D)5.5 times

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Definitions:

Collectivist

Pertaining to cultures or societies that prioritize the group over individual interests, emphasizing community, cooperation, and interdependence.

Projection

A defense mechanism in which unwanted feelings are displaced onto another person, where they then appear as a threat from the external world.

Sublimation

Sublimation is a defense mechanism proposed by Freud in which socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior, possibly resulting in a long-term conversion of the initial impulse.

Displacement

In psychology, a defense mechanism where an individual shifts negative feelings from the original source to a safer or more acceptable target.