The Crestar Company Reported Net Income of $112,000 on 20,000

question 75

Multiple Choice

The Crestar Company reported net income of $112,000 on 20,000 average outstanding common shares.Preferred dividends total $12,000.On the most recent trading day,the preferred shares sold at $50 and the common shares sold at $95.What is this company's current price-earnings ratio?

• A) 19
• B) 17
• C) 20
• D) None of these answers is correct.

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Definitions:

Eastern European

Pertaining to the geographic region of Europe lying between the central part of the continent and Russia, characterized by diverse cultures, languages, and histories.

Identity Theft

The fraudulent practice of obtaining and using another person's private identifying information, typically for financial gain.

Key Logging

The practice of recording the keys struck on a keyboard, typically in a covert manner, so that the person using the keyboard is unaware that their actions are being monitored.

Hard-To-Guess Passwords

are secure, complex passwords that are difficult for others to predict, enhancing protection against unauthorized access.