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Question
Children's Books, Inc. has net income of $48,000 and a plowback ratio of 85 percent. There are 25,000 shares of stock outstanding at a market price of $18.64 a share. What is the price-earnings ratio?A. 6.9
B. 7.1
C. 9.7
D. 11.1
E. 11.6
Answer
This answer is hidden. It contains 49 characters.
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