Presented Below Are Selected Data from the Financial Statements of Korn

question 108

Multiple Choice

Presented below are selected data from the financial statements of Korn Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 100,000 & \$ 123,000 \\\text { Weighted average number of common shares outstanding } & 105,000 & 95,000 \\\text { Market price per share of common stock at the end of the year } & \$ 12.00 & \$ 10.00 \\\text { Earnings per share } & \$ 2.00 & \$ 1.83\end{array}$ The price-earnings ratio for 2014 is

• A) 1.09.
• B) 5.46.
• C) 6.0.
• D) 11.0.

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Definitions:

Anti-War Speech

Public discourse or address that argues against the initiation, continuation, or support of military conflicts and wars.

Manufacture and Sale

The process of creating goods through various forms of production and then offering them for purchase to consumers.

Alcohol

A colorless volatile flammable liquid that is the intoxicating constituent of wine, beer, spirits, and other drinks, and used as an industrial solvent and as fuel.

Committee on Public Information

An agency established by the U.S. government during World War I aimed at swaying public sentiment and bolstering backing for the war through the use of propaganda.