RTR Corp Has Reported a Net Income of $812,425 for the the Year

question 20

Multiple Choice

RTR Corp. has reported a net income of $812,425 for the year. The company's share price is $13.45, and the company has 312,490 shares outstanding. Compute the firm's price-earnings ratio. Round your final answer to two decimal places.

• A) 4.87 times
• B) 8.12 times
• C) 5.17 times
• D) None of the above

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Definitions:

Regression Line

A straight line that best fits the data points in a scatter plot, showing the trend of the relationship between two variables in regression analysis.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed at a certain confidence level.

Dependent Variable

A variable in statistical analysis that is influenced or predicted by another variable.

Exposure

The condition of being subjected to something, such as light, chemicals, or experiences, which may have an effect or influence.