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Financial information for Accessories Unlimited includes the following selected data: Net income (in millions) $300 Shares outstanding (in millions) 300 Stock price $20.00 What is

  1. Financial information for Accessories Unlimited includes the following selected data:
Net income (in millions) $300
Shares outstanding (in millions) 300
Stock price $20.00

What is the company's price-earnings ratio?

Multiple Choice:

20.0

40.0

60.0

80.0

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