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

question 66

Multiple Choice

Dooley Corporation had net income of $200,000 and paid dividends to ordinary shareholders of $40,000 in 2011.The weighted average number of shares outstanding in 2011 was 50,000 shares.Dooley Corporation's ordinary shares are 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:

Cardiac Arrhythmias

A group of conditions characterized by irregular heartbeat patterns, which can range from benign to life-threatening in severity.

Antiarrhythmic

A medication or substance used to treat and prevent abnormal heart rhythms (arrhythmias).

Official Name

The formal or legally recognized name given to an entity, organization, place, or individual.

Generic Name

A drug’s official name.