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Franklin Corporation reported net income of $78,000 in Year 1. The company had 104,000 shares of $10 par value common stock outstanding and a market

Franklin Corporation reported net income of $78,000 in Year 1. The company had 104,000 shares of $10 par value common stock outstanding and a market price of $30 per share. What is Franklin's price-earnings ratio? Multiple Choice 3.1 40 4.0 27
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Franklin Corporation reported net income of $78,000 in Year 1 . The company had 104,000 shares of $10 par value common stock outstanding and a market price of $30 per share. What is Frankin's price-earnings ratio? Multople Choice 3.1 40 40 27

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