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Barber Industries Reported Net Income of $32,000, Earnings Per Share

Question 162

Multiple Choice

Barber Industries reported net income of $32,000, earnings per share of $2, and paid dividends of $3 per share or a total of $3,000.The stock sells for $20 per share.What is the price/earnings ratio?


A) 10.00
B) 10.67
C) 1.50
D) 6.67

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