The Following Information Pertains to Patterson Corporation

question 87

Multiple Choice

The following information pertains to Patterson Corporation.Assume that all balance sheet amounts represent both average and ending figures. Patterson Corporation had 6,000 shares of common stock issued and outstanding.The market price of Patterson common stock on December 31,20x5,was $23.Patterson paid dividends of $0.90 per share during 20x5.
What is the price/earnings (P/E) ratio for this corporation? Round your answer to two decimal places.

• A)5.47 times
• B)7.13 times
• C)4.80 times
• D)6.13 times

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Definitions:

Experimental Group

The group in an experiment that receives the treatment or condition being tested, as opposed to the control group.

Control Group

In scientific research, a group of subjects that does not receive the experimental treatment and is used as a baseline to compare the effects of the treatment.

Low-Fat Diet

A nutrition plan focusing on reducing the intake of fats, particularly saturated fats and trans fats, for health reasons.

Normal Diet

A balanced intake of food and nutrients that supports general health and well-being without any dietary restrictions or requirements.