Cadarette Corporation's Most Recent Balance Sheet and Income Statement Appear

question 119

Multiple Choice

Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share.
-The price-earnings ratio for Year 2 is closest to:

• A)11.08
• B)12.40
• C)19.70
• D)17.73

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Definitions:

Environmental Concerns

Issues related to the protection of the natural environment due to impacts from human activity, often requiring policy and individual actions to address.

Pollution

The presence or introduction into the environment of a substance or thing that has harmful or poisonous effects.

Pollution Permits

Licenses granted to companies allowing them to emit a certain amount of pollution; they can be bought, sold, or traded, creating an economic incentive to reduce pollution.

Curbing Pollution

Actions or measures taken to reduce or control the release of harmful substances into the environment.