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8. Following information is given for Defcon Inc. TAT (Total asset turnover) ratio is 1.08 Times; Profit Margin Ratio is 6.2 percent; The firm

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8. Following information is given for Defcon Inc. TAT (Total asset turnover) ratio is 1.08 Times; Profit Margin Ratio is 6.2 percent; The firm has 21,000 shares outstanding and the current market value per share is $13. Total assets are $613,000. Calculate the P/E Ratio

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