The Following Information Pertains to Carlton Company

question 66

Multiple Choice

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets
Liabilities and Stockholders' Equity
Income Statement
What is the price earnings ratio for this company? Round your answer to one decimal point.

• A) 8.0 times
• B) 2.5 times
• C) 4.0 times
• D) 6.0 times

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Definitions:

Cementum

A specialized calcified substance covering the root of a tooth.

Ingestion

The process of taking food (or other material) into the body.

Digestive Cavity

A hollow chamber within an organism where digestion of food occurs.

Elimination

Ejection of undigested food from the body. Compare with excretion.