Kelemen,Inc.provides the Following Information for 2017

question 153

Multiple Choice

Kelemen,Inc.provides the following information for 2017:

The company has no preferred stock outstanding.Calculate the price/earnings ratio of common stock.(Round any intermediate calculations and your final answer to two decimal places. )

• A)55.56 times
• B)70.00 times
• C)49.65 times
• D)43.48 times

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Definitions:

White-Collar Crimes

Are illegal acts committed by respectable, high-status persons in the course of their work.

Class

A system of categorizing society into groups based on socioeconomic status, sharing similar levels of wealth, educational attainment, and occupation.

Crime

An action or omission that constitutes an offense and is punishable by law.

Merton's Theory

A sociological theory developed by Robert K. Merton, which addresses the ways that societal structures may lead to certain behaviors among individuals, particularly focusing on deviance and anomie.