Solved

Patti's Has Net Income of $87,300,a Price-Earnings Ratio of 11

Question 67

Multiple Choice

Patti's has net income of $87,300,a price-earnings ratio of 11.8,and earnings per share of $1.13.How many shares of stock are outstanding?

A) 6,547 shares
B) 38,690 shares
C) 77,257 shares
D) 93,590 shares
E) 8,750 shares

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