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Barbur, Inc. reported net income of $12 million. During the year the average number of common shares outstanding was 3 million. The price of a
Barbur, Inc. reported net income of $12 million. During the year the average number of common shares outstanding was 3 million. The price of a share of common stock at the end of the year was $5. There were 400.000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative. The Price/Earnings ratio is approximately Multiple Choice
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