Recher Corporation's Common Stock Has a Par Value of $3

question 205

Multiple Choice

Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share. The company's price-earnings ratio is closest to:

• A)19.79
• B)0.51
• C)8.36
• D)12.53

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Definitions:

Sensitive Care

Caregiving that is responsive and attuned to the needs and cues of those being cared for, promoting security and emotional well-being.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, and the highest level of Maslow's hierarchy of needs.

Self-efficacy

An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Lifelong Dream

denotes a deeply held aspiration or goal that an individual wishes to achieve or fulfill throughout their lifetime.