Rather Corporation's Annual Report Is as Follows If the Current Market Price Is $17 on March 31,2019,compute

question 114

Multiple Choice

Rather Corporation's annual report is as follows. $$\begin{array} { | l | r | r | } \hline & \text { March 31, 2018 } & \text { March 31, 2019 } \\\hline \text { Net Income } & \$ 358,000 & \$ 429,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,220,000 & \$ 5,112,000 \\\hline \text { Stockholders' Equity attributable to Preferred } & & \\\text { Stock } & 0 & 0 \\\hline \text { Number of Common Shares Outstanding } & 275,464 & 200,168 \\\hline\end{array}$$ If the current market price is $17 on March 31,2019,compute the price/earnings ratio on March 31,2019.(Round any intermediate calculations and your final answer to the nearest cent.)

• A) 9.39
• B) 2.15
• C) 1.81
• D) 7.91

---

Definitions:

Routine Physiological Data

Regularly collected data related to the biological functions of an organism, often used in health and medical contexts.

Vigorous Exercise

Physical activity that is intense enough to significantly increase heart rate and respiration.

Scientific Fraud

Unethical conduct within scientific research, including fabrication, falsification, or plagiarism of data.

Replication

Repeating a research study to determine whether the results can be duplicated.