Fast-Tech Corp's Common Shares Have a Market Value of $63

question 151

Multiple Choice

Fast-Tech Corp's common shares have a market value of $63.The corporation's net income is $1,350,000 and the total number of shares outstanding is 450,000.The price-earnings ratio is:

• A) 20.9.
• B) 4.2.
• C) 21.0.
• D) 24.0.
• E) 6.8.

---

Definitions:

Safeguard Interests

Measures or practices implemented to protect and maintain the well-being and rights of individuals or entities.

Known Creditors

Creditors whose identity and claims are known or should be known to a debtor or an estate.

General Publication

The act of making information or material available to the general public through various distribution channels.

Appraisal Remedy

A legal right that allows minority shareholders to have their shares appraised and to be paid a fair value in cases of mergers or consolidations.