Weightman Corporation's Net Operating Income in Year 2 Was $76,385,net

question 249

Multiple Choice

Weightman Corporation's net operating income in Year 2 was $76,385,net income before taxes was $55,385,and the net income was $36,000.Total common stock was $200,000 at the end of both Year 2 and Year 1.The par value of common stock is $4 per share.The company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000.The market price per share at the end of Year 2 was $7.92.The company's price-earnings ratio for Year 2 is closest to:

• A) 7.14
• B) 0.58
• C) 5.18
• D) 11.00

---

Definitions:

Conditioned Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer and is used to reinforce behaviors not naturally related to it.

Novelty

The state or quality of being new, original, or unusual, often stimulating interest or attention.

Positive Reinforcement

A method in behavioral psychology where the probability of a behavior increasing is enhanced by rewarding a positive outcome immediately following that behavior.

Scapegoating

The practice of unfairly blaming unpopular students for all types of negative classroom outcomes and behaviors.