For Calendar 2014, Budapest Corp

question 116

Multiple Choice

For calendar 2014, Budapest Corp.reported net income of $29,280 and earnings per share of $2.46.There were 12,000 common shares outstanding during 2014.On Dec 31, 2014, the market price for Budapest's common shares was $32.To the nearest whole number, what is Budapest's price earnings ratio at Dec 31, 2014?

• A)13
• B)32
• C)375
• D)915

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Definitions:

Crucifixion

An ancient method of execution where the victim is tied or nailed to a large wooden cross and left to hang until dead.

Correct

Correct refers to being free from errors or mistakes, or conforming to fact or truth.

Democratic Subjectivism

The belief or principle that individual subjective opinions and preferences should direct democratic decision-making processes and policies.

Good Taste

The ability to make discerning judgments about aesthetic, stylistic, or cultural matters, often associated with politeness, sophistication, or a sense of propriety.