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A Firm Has Sales of $311,000 and Net Income of $31,600.The

Question 23

Multiple Choice

A firm has sales of $311,000 and net income of $31,600.The price-sales ratio is 3.24 and market price is $36 per share.How many shares are outstanding?


A) 20,608
B) 27,990
C) 28,356
D) 30,515
E) 31,011

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