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The Hi-Lite Corp

question 45

Multiple Choice

The Hi-Lite Corp. had a profitable year and their ROE was 14.4%. The company paid out $1.20 of their earnings of $3.00 for the year. The market price of their stock at year end was $28. What was Hi-Lite's price-earnings ratio?

Definitions:

Target Value

A specific, planned value for a variable or outcome that a process aims to achieve.

Process Uniformity

Process uniformity refers to the consistency and regularity of a manufacturing process, ensuring that products are produced with minimal variation and meet quality standards.

Range

The difference between the highest and lowest values in a dataset.

P-chart

An analytical tool in statistical process control that helps determine the variability of categorical data attributes.