Beta Corporation Had Net Income of $325,000 and Paid Dividends

question 178

Multiple Choice

Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2022.The weighted average number of shares outstanding in 2022 was 50,000 shares.Beta Corporation's common stock is selling for $52 per share on the New York Stock Exchange.Beta Corporation's price-earnings ratio is

• A)12.5 times.
• B)8.0 times.
• C)6.5 times.
• D)9.1 times.

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Definitions:

Oldfield Mice

A species of mouse, Peromyscus polionotus, known for its unique adaptations to sandy environments and its role in ecological and evolutionary research.

Mc1r Alleles

Variants of the melanocortin 1 receptor gene that play a significant role in determining the pigmentation of skin, hair, and eyes in organisms.

Atlantic Coast

Refers to the eastern coastline of the United States and Canada, bordering the Atlantic Ocean.

Gulf Coast

A region along the southeastern coast of the U.S. bordering the Gulf of Mexico, known for its warm climate and significant biodiversity.