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Katrina's Fury Has $697,400 in Sales

Question 59

Multiple Choice

Katrina's Fury has $697,400 in sales. The profit margin is 3.4 % and the firm has 12,500 shares of stock outstanding. The market price per share is $33. What is the price-earnings ratio?


A) 15.8
B) 16.2
C) 16.6
D) 17.1
E) 17.4

Correct Answer:

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