Jammie's has net income of $1800, a price- earnings ratio of 12, and earnings per share...

   

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Jammie's has net income of $1800, a price- earnings ratio of 12, and earnings per share of $1.20. How many shares of stock outstanding? TIP: E/S =Net income (NI)/# of shares outstanding A. 1,200 shares B. 1,400 shares C. 1,500 shares D. 1,600 shares E. 1,800 shares Jammie's has net income of $1800, a price- earnings ratio of 12, and earnings per share of $1.20. How many shares of stock outstanding? TIP: E/S =Net income (NI)/# of shares outstanding A. 1,200 shares B. 1,400 shares C. 1,500 shares D. 1,600 shares E. 1,800 shares Jammie's has net income of $1800, a price- earnings ratio of 12, and earnings per share of $1.20. How many shares of stock outstanding? TIP: E/S =Net income (NI)/# of shares outstanding A. 1,200 shares B. 1,400 shares C. 1,500 shares D. 1,600 shares E. 1,800 shares

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