A Firm Had Earnings Per Share of $3

question 7

Multiple Choice

A firm had earnings per share of $3.25 for the year.The book value per share at the beginning of the year was $13.If the firm paid out $.975 in dividends per share at the end of the year,what is the retention ratio for the firm?

• A)33.33%
• B)30%
• C)7.5%
• D)75%
• E)70%

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Definitions:

Community Mental Health Centers

Public or private organizations that provide a variety of mental health services to communities, including therapy, counseling, and crisis intervention.

Vocational Rehabilitation

A process that enables individuals with disabilities, injuries, or illnesses to overcome barriers to accessing, maintaining, or returning to employment or other useful occupation.

Inpatient Emergency Care

Medical treatment provided to patients who are admitted to a hospital for emergencies requiring immediate and intensive care.

Partial Hospitalization

A type of program that provides individuals with intense but not 24-hour treatment, often used for mental health disorders and allowing patients to spend evenings at home.