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E5) ABC Company has $625,000 in sales. The profit margin is 3.5% and the firm has 2,500 shares of stock outstanding. The market price per

E5)

ABC Company has $625,000 in sales. The profit margin is 3.5% and the firm has 2,500 shares of stock outstanding. The market price per share is $15. What is the price-earnings ratio? *

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