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Question
A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firm's price-earnings ratio?A. 16.21
B. 16.40
C. 17.09
D. 17.28
E. 17.94
Answer
This answer is hidden. It contains 37 characters.
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