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Question
Pet Rock Quarries, Inc. is a publicly traded company with 200,000 shares of common stock outstanding. The stock currently sells for $50.00 a share. They had net income of $4,000,000. What is the company's P/E ratio?
a. 20.0
b. 50.0
c. 2.5
d. 2.0
e. There is not enough information to answer this question.
Answer
This answer is hidden. It contains 68 characters.
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