Dooley Corporation Had Net Income of $200,000 and Paid Dividends

question 222

Multiple Choice

Dooley Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2010. The weighted average number of shares outstanding in 2010 was 50,000 shares. Dooley Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Dooley Corporation's price-earnings ratio is

• A) 3.2 times.
• B) 12.5 times.
• C) 8 times.
• D) 15.6 times.

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Definitions:

Self-Concept

An individual's understanding and perception of themselves, encompassing their beliefs, characteristics, and attitudes.

Incongruence

A state where there is a mismatch between one’s self-concept and reality, often leading to psychological distress.

Client-Centred Therapy

A psychotherapeutic approach developed by Carl Rogers that emphasizes the importance of providing a supportive and accepting environment to facilitate a client's growth.

Humanistic Tradition

An approach in psychology that emphasizes the individual's inherent drive toward self-actualization and creativity.