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Patti's Pizza Has Net Income of $218,490, a Price-Earnings Ratio

Question 27

Multiple Choice

Patti's Pizza has net income of $218,490, a price-earnings ratio of 14.6, and earnings per share of $1.32. How many shares of stock are outstanding?

A) 14,965
B) 19,754
C) 165,523
D) 171,000
E) 173,407

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