Patti's Has Net Income of $87,300,a Price-Earnings Ratio of 11

question 67

Multiple Choice

Patti's has net income of $87,300,a price-earnings ratio of 11.8,and earnings per share of $1.13.How many shares of stock are outstanding?

• A)6,547 shares
• B)38,690 shares
• C)77,257 shares
• D)93,590 shares
• E)8,750 shares

---

Definitions:

Transference

A phenomenon in psychoanalysis where patients project feelings about important people in their past onto their therapists.

Abreaction

The expression and consequent release of previously repressed emotion, usually achieved through recalling the experience that led to the emotion during therapy.

Gestalt Therapy

A form of psychotherapy emphasizing personal responsibility, and focusing upon the individual's experience in the present moment, their environment, and the social contexts of their life.

Overt Behavior

Observable actions or responses of an individual, which can be seen and measured.