Use the Following Information for Questions

question 65

Multiple Choice

Use the following information for questions .
Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2013. The weighted average number of shares issued in 2013 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange.
-Shannon Corporation's price-earnings ratio is

• A) 2 times.
• B) 8 times.
• C) 10 times.
• D) 5 times.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and visual clarity in bright light conditions.

Retina

The light-sensitive layer of tissue at the back of the inner eye, converting light images into electrical signals sent to the brain.

Opponent Process Theory

A psychological and neurological model that explains contrasting emotional states as an automatic response to the repeated exposure to stimuli.

Vision For Action

Refers to the ability of the brain to transform visual information into motor commands, enabling coordinated movements in response to visual stimuli.