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Lerner Had Net Income for 2016 of $105,000

question 163

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Lerner had net income for 2016 of $105,000.Lerner had 39,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year.There were 5,000 shares of preferred stock outstanding all year.During 2016,Lerner declared and paid preferred dividends of $29,000.On December 31,2106,the market price of Lerner's common stock is $35 per share and the market price of its preferred stock is $63 per share.What is Lerner's price/earnings ratio? (Round any intermediate calculations and your final answer to the nearest cent. )

Understand the role of general cognitive ability in language development.
Comprehend the developmental psychology perspectives on language acquisition.
Recognize the methods through which children segment and acquire vocabulary and grammar.
Understand the cognitive approaches to language acquisition.

Definitions:

Infantile Amnesia

The phenomenon where adults are unable to recall memories from early childhood, typically before the age of 3 or 4.

Imprinting

A form of rapid learning that occurs in some animals shortly after birth or hatching, enabling them to recognize their parent or caregiver.

Attachment

A profound and lasting emotional connection that links one individual to another, transcending both time and distance.

Aggression

Any physical or verbal behavior intended to hurt or destroy.

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