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Bernice's company has $750,000 in sales. The profit margin is 5 percent and the firm has 9,000 shares of stock outstanding. The market price per

Bernice's company has $750,000 in sales. The profit margin is 5 percent and the firm has 9,000 shares of stock outstanding. The market price per share is $25.50. What is the price-earnings ratio?

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