Use the Following Statement of fiNancial Position and Statement of Comprehensive

question 52

Multiple Choice

Use the following statement of financial position and statement of comprehensive income Blue Bird, Inc. has 1,500 shares of stock outstanding. The price-earnings ratio for 2015 is 21. What is the market price per share of stock?

• A) $18.90
• B) $21.00
• C) $23.94
• D) $24.16
• E) $26.87

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Definitions:

Autoxidation

A chemical reaction where a substance reacts with oxygen spontaneously at room temperature, leading to the degradation of that substance.

Explosive Materials

Substances that cause violent chemical reactions producing heat, light, gases, and pressure with the potential to do work on surroundings.

Major Organic Product

The primary outcome of a chemical reaction, especially notable in reactions involving organic compounds, indicating the most abundant product formed.

Major Organic Product

The primary product of an organic reaction, usually the one in higher yield or that is thermodynamically most stable.