A company reported net income of $836,000 for the current year. The year-end market price per common share was $12 and there were 475,000 weighted-average shares of common stock outstanding. Calculate the company's price-earnings ratio.
What will be an ideal response?
Price-Earnings Ratio = Market Price per Share/ (Net Income/Weighted-Average Common Shares Outstanding)
Price-Earnings Ratio = $12/ ($836,000/475,000 shares) = 6.8
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A. Defensive B. Laissez-faire C. Transactional D. Tactile E. Neutral
The U.S. Army slogan Be All You Can Be appeals to which level of Maslow's hierarchy of needs?
A. esteem B. love/belonging C. safety D. physiological E. self-actualization
Describe the characteristics that an emotional champion is likely to have.
What will be an ideal response?
By differentiating the marketing mix to do a better job meeting customers' needs, the firm builds a competitive advantage.
Answer the following statement true (T) or false (F)