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Jupiter Explorers Has $6,400 in Sales

Question 29

Multiple Choice

Jupiter Explorers has $6,400 in sales. The profit margin is 4%. There are 6,400 shares of stock outstanding. The market price per share is $1.20. What is the price-earnings ratio?


A) 13
B) 14
C) 21
D) 30
E) 48

Correct Answer:

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