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Franklin Corporation Reported Net Income of $75,000 in 2016

Question 66

Multiple Choice

Franklin Corporation reported net income of $75,000 in 2016.The company had 100,000 shares of $12 par value common stock outstanding and a market price of $18 per share.Franklin's price-earnings ratio was


A) 2.4:1
B) 24:1
C) 16.6:1
D) 1.5:1

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