Simplify the Numerical Expression $$\left( \frac { 16 } { 32 } \right) \times \left( \frac { 8 } { 48 } \right)$$

question 34

Short Answer

Simplify the numerical expression. Give your answer in reduced form. $$\left( \frac { 16 } { 32 } \right) \times \left( \frac { 8 } { 48 } \right)$$

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Definitions:

Treasury Stock

Repurchased shares by a company, treasury stock is treated as an asset on the balance sheet and can affect the company's shareholders' equity and earnings per share.

Paid-In Capital

Funds received from investors in exchange for shares of a company's stock, reflecting the equity capital contributed by shareholders.

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, to be reinvested in the business or to pay debt.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, also referred to as shareholders' equity.