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Glotfelty & Sons has sales of $571,000, a profit margin of 5.4 percent, and 43,000 shares of stock outstanding. What is the price earnings ratio

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Glotfelty & Sons has sales of $571,000, a profit margin of 5.4 percent, and 43,000 shares of stock outstanding. What is the price earnings ratio if the stock sells for $17.00 a share? Multiple Choice 24.88 24.04 23.38

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