A Firm Has Net Income of $198,500 and Total Equity

question 110

Multiple Choice

A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firm's price-earnings ratio?

• A)16.21
• B)16.40
• C)17.09
• D)17.28
• E)17.94

---

Definitions:

Creatinine Levels

The concentration of creatinine in the blood or urine, used as an indicator of kidney function.

Acute Renal Failure

A rapid loss of kidney function that results in the inability to effectively filter waste products from the blood.

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease affecting nerve cells in the brain and spinal cord, leading to loss of muscle control.

Priority Problem

An issue identified as having significant importance or urgency, requiring immediate attention or action to prevent or address serious outcomes.