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Question ABC has a profit margin of 8 percent on sales of $666,250. They currently have 130,000 shares of stock outstanding with a current market price of $6.75 per share. What is the price to earnings ratio?

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Question

ABC has a profit margin of 8 percent on sales of $666,250. They currently have

130,000 shares of stock outstanding with a current market price of $6.75 per share. What is the price to earnings ratio?

 
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