A Company Has Net Income of $3,000,000

question 37

Multiple Choice

A company has net income of $3,000,000.It has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 17.What is the market value per share of this company's stock?

• A)$5
• B)$85
• C)$176,470.58
• D)$84.90
• E)$17

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Definitions:

Milieu Therapy

A therapeutic approach that utilizes the environment, including people, setting, and activities, to influence a patient's behavior positively.

Social Behaviors

Actions or reactions of individuals in response to external stimuli, which occur in a social context or during interaction with others.

Basic Living Skills

Essential skills for daily living, including personal hygiene, simple cooking, cleaning, and money management.

Erikson's Theory

A psychoanalytic theory developed by Erik Erikson that outlines eight stages of psychosocial development from infancy to adulthood.