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Calculate the company's price-earnings ratio. Round your answer to two decimal places A company reported the following: $422,780 Net income Preferred dividends $31,320 Shares of

Calculate the company's price-earnings ratio. Round your answer to two decimal places

A company reported the following: $422,780 Net income Preferred dividends $31,320 Shares of common stock outstandinq 37,000 Market price per share of common stock $31.63 Calculate the company's price-earnings ratio. Round your answer to two decimal places,

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