A Stock Quote Shows a Last Price of 32

question 62

Multiple Choice

A stock quote shows a last price of 32.13,a P/E of 17,and a net change of −.23.Based on this information,which one of the following statements is correct?

• A)The closing price on the previous trading day was $.23 lower than today's closing price.
• B)A dealer can purchase the stock for $.23 less than an investor can.
• C)The earnings per share decreased by $.23 a share this year.
• D)The earnings per share have increased by 17 percent this year.
• E)The earnings per share are equal to 1/17^th of $32.13.

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Definitions:

Operating Segments

Parts of a company that engage in business activities yielding revenues and incurring expenses.

AASB 136 Impairment of Assets

A standard issued by the Australian Accounting Standards Board detailing the procedures for ensuring that assets are carried at no more than their recoverable amount, and how to record any impairment losses.

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.

Operating Segments

Sections of a business that engage in activities from which earnings can be directly attributable, often requiring separate financial reporting due to distinct economic environments or regulatory requirements.