Reagan Corp. has reported a net income of $811,000 for the year. The company’s share price is $13.48, and the company has 312,880 shares outstanding. Compute the firm’s price-earnings ratio up to two decimal places.
Reagan Corp. has reported a net income of $811,000 for the year. The
company’s share price is $13.48, and the company has 312,880 shares outstanding. Compute the firm’s price-earnings ratio up to two decimal places.
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