The following information is available for Jase Company: Market price per share of common stock $25.00 Earnings per share on common stock $1.25 Which of the following statements is correct?
a. The price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year.
b. The price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year.
c. The price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.
d. The market price per share and the earnings per share are not statistically related to each other.
a
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In the confirmation stage of the adoption process, the adopter continues to rethink the decision and searches for support for the decision.
Answer the following statement true (T) or false (F)
Which of the following statements, if made by a seller who knows the statement to be untruthful, would NOT be misrepresentation of material fact resulting in a cause of action for fraud?
A)"This horse is only six years old." B)"There is no better car in the world." C)"The tires have less than 5,000 miles on them." D)"This car gets 28 miles per gallon. "
A good example of a uniform state law would be: A) statutory law
B) case law. C) constitutional law. D) the Uniform Commercial Code.