A Company Reported Net Income of $78,000 and Had 15,000

question 172

Essay

A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year. At year-end, the price per share of the company's stock was $49.40. What is the company's year-end price-earnings ratio?

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Definitions:

Subjective Well-being

An individual’s personal assessment of their overall happiness and life satisfaction, based on their own standards and criteria.

Frontal Lobe

A region of the cerebral cortex located at the front of the brain, associated with reasoning, motor skills, higher level cognition, and expressive language.

Amygdala

A section of the brain involved in experiencing emotions, especially those related to survival, such as fear and aggression.

Dopamine

A neurotransmitter involved in regulating mood, behavior, and cognitive functions and is crucial in the reward and pleasure systems of the brain.