$\begin{array}{|r|r|c|c|r|r|r|r|r|r}
\hline \begin{array}{r}
52-\text { Week } \
\text { High }
\end{array} & \begin{array}{r}
52-\text { Week } \
\text { Low }
\end{array} & \text { Stock } & \text { SYM } & \text { DIV } & \text { CLOSE } & \begin{array}{r}
\text { Net } \
\text { CHG }
\end{array} & \begin{array}{r}
\text { VOL. } \
100 \mathrm{~s}
\end{array} & \begin{array}{r}
\text { YLD } \
\%
\end{array} & \begin{array}{r}
\text { P/E } \
\text { Ratio }
\end{array} \
\hline 34.17 & 24.10 & \text { Laughing } & \text { LOL } & 2.34 & 32.68 & 0.03 & 214 & ? & 19 \
\hline 82.63 & 61.18 & \text { Distracted } & \text { BRB } & 0.80 & ? & 0.12 & 719 & 2.1 & 24 \
\hline 52.63 & 26.02 & \text { Hoppy } & \text { BZZR } & 0.10 & 48.16 & -0.41 & 984 & ? & 36 \
\hline
\end{array}$
-Laughing has 650,000 shares of stock outstanding. What was Laughing's net income over the past twelve months?
A) $123,500
B) $520,000
C) $840,000
D) $1,118,000
E) $1,521,000

Question

Quizplus · Accepted Answer

The P/E ratio is 19, and the number of shares is 650,000. The earnings per share (EPS) is calculated as the stock price divided by the P/E ratio: $32.68 / 19 = 1.72$. The net income is EPS multiplied by the number of shares: $1.72 \times 650,000 = 1,118,000$.

-Laughing Has 650,000 Shares of Stock Outstanding