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Calculate Net Income Given the Following Information: Shares Outstanding =

Question 76

Multiple Choice

Calculate net income given the following information: shares outstanding = 1,250,000; stock price = $35/share; PE ratio = 12.50.

A) $2,500,000
B) $2,750,000
C) $3,000,000
D) $3,250,000
E) $3,500,000

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