A Company Originally Issues 180,000 Shares of Stock at a Price

question 242

Multiple Choice

A company originally issues 180,000 shares of stock at a price of $22;one year later the stock price is $40 per share,the number of outstanding shares is unchanged,and the company's net income for the year is $230,400.The P/E ratio at the end of the recent year is:

• A)0.0002.
• B)24.22.
• C)31.25.
• D)0.0001.

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Definitions:

Intrinsic Eye Muscle

Muscles located within the eye that control its movements and the shape of the lens for focusing.

Ciliary Muscles

Eye muscles that adjust the shape of the lens to focus light on the retina.

Inferior Oblique Muscle

A muscle in the eye that contributes to lateral and upward movement of the eyeball.

Sphincter Pupillae Muscle

A ring-shaped muscle in the eye that contracts to control the size of the pupil and thus the amount of light entering the eye.