Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 189

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's price-earnings ratio for Year 2 is closest to:

• A)0.38
• B)4.53
• C)5.70
• D)8.11

---

Definitions:

Technical Terminology

Specialized language used within a specific field or industry.

Proposal Sections

Divisions within a proposal document, each serving a specific purpose, such as executive summary, project description, and budget.

Student Report

A detailed account or analysis prepared by a student, covering a specific academic topic or project.

Distracted Driving

The act of driving while engaging in other activities that take the driver's attention away from the road.