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e this information for Kellman Company to answer the question that follow. he balance sheets at the end of each of the first 2 years

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e this information for Kellman Company to answer the question that follow. he balance sheets at the end of each of the first 2 years of operations indicate the following: Using the balance sheets for Keliman Company, If net income is $115,200 and interest expense is $38,400 for Year 2, and the market price of common shares is $42, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation and final answer to two decimal places.) a. 10.78 b. 20.90 c. 2.01 d. 10.70

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