Multiple Choice
Patti's has net income of $43,700,a price-earnings ratio of 15.7,and earnings per share of $1.39.How many shares of stock are outstanding?
A) 2,002 shares
B) 38,690 shares
C) 31,439 shares
D) 493,590 shares
E) 28,750 shares
Correct Answer:
Verified
Correct Answer:
Verified
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