Use the following stock quotes to answer this question:

-Baker Company has 136,000 shares of stock outstanding and a PE ratio of 18.What was the net income for the most recent four quarters?
A) $590,089
B) $678,003
C) $727,972
D) $1,306,900
E) $1,405,800

Question

Use the following stock quotes to answer this question:
 
-Baker Company has 136,000 shares of stock outstanding and a PE ratio of 18.What was the net income for the most recent four quarters?
A) $590,089 
B) $678,003 
C) $727,972 
D) $1,306,900 
E) $1,405,800

Quizplus · Accepted Answer

Net income = ($78.10 / 18) × 136,000 = $590,089

Use the Following Stock Quotes to Answer This Question