Carter's Books, Inc

question 37

Multiple Choice

Carter's Books, Inc., has net income of $75,000 and a plowback ratio of 80%. There are 30,000 shares of stock outstanding at a market price of $25.50 a share. What is the price-earnings ratio?

• A)6.9
• B)8.2
• C)9.7
• D)10.2
• E)11.6

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Definitions:

Effortful Processing

The active memorization and learning of information through deliberate attention and effort.

Implicit Memory

A type of long-term memory that does not require conscious thought and enables us to perform tasks without deliberate effort.

Right Hippocampus

A region in the right hemisphere of the brain associated with the processing of spatial navigation and memory formation.

Left Hippocampus

A region in the brain's left hemisphere involved in memory formation, organization, and retrieval.