Tall Tree Timber Has Annual Net Income of $213,640 and 72,000

question 78

Multiple Choice

Tall Tree Timber has annual net income of $213,640 and 72,000 shares of stock outstanding.Big Trees is a similar firm with similar growth opportunities that has 75,000 shares of stock outstanding with a market price of $31.80 a share and earnings per share of $1.48.What is the estimated value of Tall Tree Timber?

• A)$3,603,208
• B)$4,590,373
• C)$5,009,046
• D)$4,087,082
• E)$3,874,298

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Definitions:

Client Care Area

A designated space within a healthcare setting where services are provided directly to patients or clients.

Defibrillator

A medical device that delivers a dose of electrical energy to the heart to treat life-threatening cardiac dysrhythmias.

Nursing Assistive Personnel

Healthcare workers who provide basic nursing care under the supervision of registered nurses or licensed practical nurses.

Delegated the Task

The act of assigning a task or responsibility to another person, usually within a work or organizational setting.