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12) A firm has annual sales of $416,000, a price-earnings ratio of 18, and a profit margin of 7 percent. There are 12,000 shares of

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12) A firm has annual sales of $416,000, a price-earnings ratio of 18, and a profit margin of 7 percent. There are 12,000 shares of stock outstanding. What is the price-sales ratio? 12) A) .67 C) 1.08 D)97 E) 1.15 B) .86

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