Use the Information for the Question(s)below

question 91

Multiple Choice

Use the information for the question(s) below.
In November 2018,Perrigo Co.(PRGO) had a share price of $39.20.They had 91.33 million shares outstanding,a market-to-book ratio of 3.76.In addition,PRGO had $845.01 million in outstanding debt,$163.82 million in net income,and cash of $257.09 million.
-Perrigo's earnings per share (EPS) is closest to:

• A)$0.19.
• B)$1.79.
• C)$2.81.
• D)$3.76.

---

Definitions:

Act of State Doctrine

A principle in international law that exempts a nation from being sued in another nation's courts for acts performed by it in the exercise of its sovereign authority.

Sovereign Immunity

The legal doctrine that a sovereign or state cannot commit a legal wrong and is immune from civil suit or criminal prosecution.

Agricultural Cooperatives Exemption

A legal provision that allows agricultural cooperatives to operate under specific regulatory exceptions, often for tax purposes.

Capper-Volstead Act

A U.S. federal law that grants farmers the ability to create agricultural cooperatives without risking antitrust law sanctions.