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A company reported the following: Net income $540,840 Preferred dividends $40,060 Shares of common stock outstanding 49,000 Market price per share of common stock $119.68
A company reported the following:
Net income | $540,840 |
Preferred dividends | $40,060 |
Shares of common stock outstanding | 49,000 |
Market price per share of common stock | $119.68 |
Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1
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