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Assume a company provided the following information: Earnings per share...

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Question

Accounting

Assume a company provided the following information:

Earnings per share $ 1.20
Number of common shares outstanding, beginning of the year 45,000
Number of common shares outstanding, end of the year 55,000
Price-earnings ratio 12.50
Dividend yield ratio 0.50

The net income is closest to:

Multiple Choice

$65,000.

$60,000.

$41,667.

$55,667.

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