Peak Performance Sporting Goods Company Continues to Perform Well in Spite

question 210

Multiple Choice

Peak Performance Sporting Goods Company continues to perform well in spite of an economic recession. Company executives credit this to the strong partnerships it enjoys with category killer and large discount chains. Last week Peak Performance reported basic EPS [earnings per share] = $.80/share. If the firm has 4,000,000 shares outstanding, net income after taxes for the same period = ______.

• A) $80,000
• B) $5,000,000
• C) $3,200,000
• D) $32,000

---

Definitions:

Snake Phobia

An intense, irrational fear of snakes, which can cause significant anxiety and avoidance behaviors.

Lithium

A chemical element used as a medication to treat and prevent episodes of mania in people with bipolar disorder, acting to stabilize mood.

Bipolar Disorder

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Antipsychotic Drugs

Medications used to manage psychosis, including severe mental disorders such as schizophrenia, by reducing or controlling symptoms like hallucinations and delusions.