3/4 mile is 0.75 mile per minute
There are 60 minutes in one hour
0.75 times 60 equals 45 miles
Gross profit, G = $2450665
Tax, t=18.5%
reinvestment, r = 25%
Total dividends
= G(1-t)(1-r)
=2450665*(1-0.185)(1-0.25)
=1497968.98
Dividend per share
=1497968.98/350000
=4.280
Earnings per share
EPS = Net profit / number of shares
= 2450665(1-0.185)/350000
=5.7065
Current price = 43.36
P/E ratio
= Current price/EPS
= 43.36/5.7065
= 7.598
=7.6 to one decimal place.
The statistics are made to be misleading in such a way that the scale is altered on the graph. So, option C is correct.
<h3>What are statistics?</h3>
Statistics is the study of the discipline that concerns the organization, collection, analysis, and presentation of data.
A hasty generalization is fallacy in which a conclusion is reached before sufficient or unbiased evidence is gathered.
The statistics are made to be misleading in such a way that the scale is altered on the graph. So, option C is correct.
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