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:

Time Series Data

Data that is collected at successive points in time, often analyzed to study trends, cycles, or seasonal variations over time.

Extended Period

A length of time that is longer than usual or expected.

Collected

Gathered or amassed from different sources, often referring to data, samples, or other information.

Cross-sectional

A type of observational study that analyzes and compares data from a population, or a representative subset, at one specific point in time.