City One Company has net income of $1,800, a price-earnings ratio of 12, and earnings per share of $1.20. How many shares of stock are outstanding?

a.

1,500

b.

1,200

c.

1,800

question 2

Rick is planning to invest $1847.2 today at 6 percent interest. How much money will he have at the end of year 3?

a.

$2,309.80

b.

$2,200.00

c.

$2,238.47