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Assume a company provided the following information: NetincomeNumberofcommonsharesoutstanding,beginningoftheyearNumberofcommonsharesoutstanding,endoftheyearMarketpricepershareDividendspershareTotalassets,endoftheyearTotalliabilities,endoftheyear$48,00045,00055,000$15$0.50$200,000$80,000 The price-earnings ratio is closest to: Multiple Choice 15.63. 12.63. 13.63. 14.63
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