A Company Has a Market Value Per Share of $73

question 98

Multiple Choice

A company has a market value per share of $73.00.Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000.The company's price-earnings ratio is equal to:

• A)20.9
• B)4.2
• C)14.6
• D)20.0
• E)6.8

---

Definitions:

Political Election

The formal process by which voters choose candidates for public office or decide on governmental policies.

Elite Democrats

A term often used to describe members or supporters of the Democratic Party in the United States who hold significant positions of power, influence, or wealth.

Corporate Concentration

The process by which a market or industry becomes dominated by a few large companies.