ABC Inc Has Net Income of $41,600 and Total Equity of of 4381,000

question 76

Multiple Choice

ABC Inc. has net income of $41,600 and total equity of 4381,000. The firm has 60,000 shares of stock outstanding at a price of $14.20 a share. What is the firm's P/E ratio?

• A) 16.21
• B) 17.33
• C) 190.09
• D) 20.48
• E) 21.92

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Definitions:

Agitated

A state of nervousness or unrest, often characterized by rapid movement or speaking.

Nonreactive

Describes a substance or individual that does not respond or change when exposed to another substance or a particular stimulus.

Extroverted

Characterized by an outgoing, socially confident personality, often seeking stimulation and enjoying the company of others.

Curious

Having a strong desire to learn or know something.