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Franklin Corporation reported net income of $84,000 in Yeat 1 . The company had 112.000 shares of 514 par value common stock outstanding and a

Franklin Corporation reported net income of $84,000 in Yeat 1 . The company had 112.000 shares of 514 par value common stock outstanding and a market price of $4 per share. What is Franklin's price-earnings ratio? Multiple Choice 72 6.3 72 48

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