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Bar Rook Inc. has annual sales of $520,000 with 2,000 shares of stock outstanding. The firm has a profit margin of 6 percent and a

Bar Rook Inc. has annual sales of $520,000 with 2,000 shares of stock outstanding. The firm has a profit margin of 6 percent and a price sales price divided by sales per share) ratio of 1.50. What is the firm's price-earnings ratio? 15 16 18 25 22

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