Big Guy Subs has net income of $150,980,a price-earnings ratio of 12.8,and earnings per share of $0.87.How many shares of stock are outstanding?
A)13,558
B)14,407
C)165,523
D)171,000
E)173,540

Name: Big Guy Subs has net income of $150,980,a price-earnings ratio of 12.8,and earnings per share of $0.87.How many shares of stock are outstanding? A)13,558 B)14,407 C)165,523 D)171,000 E)173,540
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Number of shares = $150,980/$0.87 = 173,540

Big Guy Subs Has Net Income of $150,980,a Price-Earnings Ratio