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:

Consistent Notion

A concept or idea that remains uniform or unchanged across different contexts or over time.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable event or condition strengthens a behavior or increases its likelihood of being repeated.

Tension Reduction

A psychological process aiming to decrease stress and anxiety levels, often through relaxation techniques.