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A company had $594,500 in sales, and a net profit margin of 6.77 percent. The firm has 3,105 shares of stock outstanding, with a market

A company had $594,500 in sales, and a net profit margin of 6.77 percent. The firm has 3,105 shares of stock outstanding, with a market price per share of $42.40. What is the price-earnings ratio?

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