Lotsky Power Tools Corp Had Net Income of $1,478,000

question 145

Essay

Lotsky Power Tools Corp had net income of $1,478,000.It paid $5,000 in preferred dividends.Lotsky had 200,000 common shares issued,and 8,000 treasury shares.The market price of Lotsky's shares was $38.25.Calculate the price-earnings ratio.

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Definitions:

Cyber Terrorist

A hacker whose intention is the exploitation of a target computer or network to create a serious impact, such as the crippling of a communications network or the sabotage of a business or organization, which may have an impact on millions of citizens if the terrorist’s attack is successful.

Hacking

Unauthorized access to computing devices, networks, or data, often for malicious purposes.

Network Shutdown

The process of intentionally turning off or disabling all or part of a computer network.

Computer Fraud and Abuse Act

A U.S. law that criminalizes unauthorized access to computers and networks.