CampUs Ltd Has Net Income of $500,000

question 129

Multiple Choice

CampUs Ltd has net income of $500,000.It has 125,000 shares outstanding and a market price per share of $115.The price-earnings ratio is:

• A) 28.8.
• B) 14.7.
• C) 92.0.
• D) 13.5.
• E) 8.0.

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Definitions:

Chattel

Personal property that is movable, as opposed to real estate or land.

Chose in Action

A personal right to something not in the holder's possession but recoverable through legal action.

Garnisheeing Order

A garnisheeing order is a legal directive to a third party, typically a bank, to seize or withhold money belonging to a debtor for the purpose of satisfying a judgment against the debtor.

General Security Agreement

A document that provides a lender a security interest in a range of assets of the borrower, serving as collateral for securing loan repayments.