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    Fundamentals Of Corporate Finance Study Set 21
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    Exam 3: Working With Financial Statements
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    Calculate Net Income Given the Following Information: Shares Outstanding =
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Calculate Net Income Given the Following Information: Shares Outstanding =

Question 214

Question 214

Multiple Choice

Calculate net income given the following information: shares outstanding = 1,000,000; stock price = $18/share; PE ratio = 20.


A) $750,000
B) $800,000
C) $850,000
D) $900,000
E) $950,000

Correct Answer:

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