Weightman Corporation's Net Operating Income in Year 2 Was $76,385

question 120

Multiple Choice

Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was $36,000. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The company's price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) 7.14
• B) 0.58
• C) 5.18
• D) 11.00

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Definitions:

Cardiac Arrest

A sudden, sometimes fatal, condition marked by the cessation of heart function and blood circulation.

Heart

A muscular organ in most animals, including humans, which pumps blood through the circulatory system by rhythmic contraction and expansion.

Poor Nutrition

A diet lacking in necessary nutrients, resulting in health issues due to deficiencies or imbalances in food intake.

Weight Loss

The reduction of total body mass due to a decrease in body fat, muscle, or fluid.