Dalmatian Corporation's Annual Report Is as Follows If the Current Market Price Is $23 on March 31,2016,compute

question 165

Multiple Choice

Dalmatian Corporation's annual report is as follows. $$\begin{array} { | l | r | r | } \hline & \text { March 31, 2016 } & \text { March 31, 2017 } \\\hline \text { Net Income } & \$ 360,000 & \$ 428,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,250,000 & \$ 5,102,000 \\\hline \text { Stockholders' Equity attributable to Preferred } & & \\\text { Stock } & 0 & 0 \\\hline \text { Number of Common Shares Outstanding } & 290,464 & 196,168 \\\hline\end{array}$$ If the current market price is $23 on March 31,2016,compute the price/earnings ratio on March 31,2017.(Round any intermediate calculations and your final answer to the nearest cent. )

• A)13.07
• B)2.18
• C)1.76
• D)10.55

---

Definitions:

Central Route Persuasion

A method of persuasion that involves deeply engaging someone with a logical argument that leads to a change in beliefs or attitudes.

Peripheral Route Persuasion

A method of persuasion that relies on superficial cues, such as attractiveness or celebrity endorsement, rather than logical argumentation.

Central Route Persuasion

An approach to persuasion where the message's content is analyzed in depth, emphasizing the importance of logical reasoning and evidence.

Foot-In-The-Door Phenomenon

A psychological effect where agreeing to a small, initial request increases the likelihood of agreeing to a larger request later.