A Calgary fiRm Has 11,000 Shares of Stock Outstanding, Sales

question 151

Multiple Choice

A Calgary firm has 11,000 shares of stock outstanding, sales of $1.62 million, net income of $20,020, a price-earnings ratio of 21.6, and a book value per share of $8.64. What is the market-to-book
Ratio?

• A) 1.82
• B) 2.11
• C) 2.50
• D) 3.79
• E) 4.55

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Definitions:

Nonmajority Unions

Labor unions that represent a segment of employees in a workplace without achieving majority status needed for formal recognition and bargaining.

Works Councils

An institutional representation of workers within a company, primarily found in Europe, aimed at facilitating dialogue between employees and management on workplace issues.

Certification Process

A formal procedure by which an accredited or authorized body assesses and recognizes that a person, product, or organization meets certain predefined standards.

U.S. Labor Law

The body of laws and legal regulations in the United States that governs the rights and obligations of workers, employers, and unions.