A Company Has Net Income of $3,000,000

question 37

Multiple Choice

A company has net income of $3,000,000.It has 600,000 weighted-average common shares outstanding and a price-earnings ratio of 17.What is the market value per share of this company's stock?

• A)$5
• B)$85
• C)$176,470.58
• D)$84.90
• E)$17

---

Definitions:

Cooperate

The act of working together with others towards a common goal or purpose.

Effort Justification

A phenomenon where individuals attribute a higher value to an outcome that required a significant effort to achieve, as part of cognitive dissonance theory.

Publishing

The activity of making content available to the public, typically through books, magazines, websites, or other forms of media.

Foot-In-The-Door

A persuasion technique where agreement to a small request increases the likelihood of compliance with a larger request later.