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5. A firm has 12,000 shares of stock outstanding sales of $721,300, a profit margin of 13 percent, a tax rate of 21 percent, a

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5. A firm has 12,000 shares of stock outstanding sales of $721,300, a profit margin of 13 percent, a tax rate of 21 percent, a price-earnings ratio of 11.3, and a book value per share of $7.98, find (Show your calculations): A- What is the net income for the firm? B- What is the market-to-book ratio

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