A Company Has Net Income of $90,000; Its Weighted-Average Common

question 228

Multiple Choice

A company has net income of $90,000; its weighted-average common shares outstanding are 18,000.Its dividend per share is $0.45,its market price per share is $88,and its book value per share is $76.Its price-earnings ratio equals:

• A)9.0.
• B)17.6.
• C)12.5.
• D)15.2.
• E)16.9.

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Definitions:

Biological Causes

Refers to the physiological and genetic factors contributing to the development of diseases or health conditions.

Abnormality

A deviation from what is considered normal or typical, often used in a psychological or medical context to describe behaviors or conditions.

Nineteenth Century

The period of years from 1801 to 1900, inclusive, often marked by industrial, cultural, and social changes globally.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.