Tempel Corporation Has Provided the Following Data The Market Price of Common Stock at the End of 2

question 112

Multiple Choice

Tempel Corporation has provided the following data: $\begin{array}{ll}&\text { Year 2 } & \text { Year 1 } \\\text {Common stock, \$4 par value }&\$ 240,000 & \$ 240,000 \\\text { Total stockholders' equity. }&\$ 817,000 & \$ 810,000 \\\text {Net operating income. }&\$ 36,714 & \\\text {Net income before taxes }&\$ 17,714 & \\\text { Net income }&\$ 12,400 &\end{array}$ The market price of common stock at the end of Year 2 was $2.77 per share. The company's price-earnings ratio for Year 2 is closest to:

• A)9.23
• B)0.35
• C)4.54
• D)13.40

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Definitions:

Loveless Marriages

Marital relationships lacking in affection and emotional connection between the partners.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affects a person’s employment or creates a hostile environment.

Workplace Environment

The physical and psychological conditions under which employees work, including factors like culture, safety, and interpersonal relationships.

Moral

Relating to principles of right and wrong behavior and the goodness or badness of human character.