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9 4] Baxter & Baxter has total assets of $710,000. There are 45,000 shares of stock outstanding with a market value of $28 a

9 4] Baxter & Baxter has total assets of $710,000. There are 45,000 shares of stock outstanding with a market value of $28 a share. The firm has a profit margin of 7.1 percent and a total asset turnover of 1.29. What is the price-earnings ratio? 211215.C

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