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Question
L.B. Jay has net income of $38,000, total assets of $437,000, total liabilities of $208,000, and a price-book ratio of 3.8. There are 60,000 shares of stock outstanding. What is the firm's price-earnings ratio?A. 18.72
B. 19.11
C. 19.28
D. 20.80
E. 22.90
Answer
This answer is hidden. It contains 62 characters.
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