Patti's Has Net Income of $43,700,a Price-Earnings Ratio of 15

question 70

Multiple Choice

Patti's has net income of $43,700,a price-earnings ratio of 15.7,and earnings per share of $1.39.How many shares of stock are outstanding?

• A)2,002 shares
• B)38,690 shares
• C)31,439 shares
• D)493,590 shares
• E)28,750 shares

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