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A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $126,400, a price-earnings ratio of 15.5 , and a book

A firm has 160,000 shares of stock outstanding, sales of $1.94 million, net income of $126,400, a price-earnings ratio of 15.5 , and a book value per share of $7.92. Part 1 Attempt 1/3 for 10 pts. What is the market-to-book (P/B) ratio

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