Patti's Has Net Income of $2400,a Price-Earnings Ratio of 16,and

question 45

Multiple Choice

Patti's has net income of $2400,a price-earnings ratio of 16,and earnings per share of $1.60.How many shares of stock are outstanding?

• A)1,200
• B)1,400
• C)1,500
• D)1,600
• E)1,800

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Definitions:

Virtual Reality

A simulated experience created with computer technology that can replicate or create an environment, immersing the user in a digital world.

Exposure Therapy

A psychological treatment that helps individuals confront their fears by gradual and repeated exposure to the feared object, situation, or activity in a controlled way.

Rational Emotive Behavior Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, rational thoughts.

Unproductive Beliefs

Thoughts or beliefs that are detrimental to one's well-being or success, often leading to negative outcomes or preventing positive action.