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Hennessey Chicken and Waffles had $594,500 in sales, and a net profit margin of 4.0 percent. The firm has 2,750 shares of stock outstanding,

Hennessey Chicken and Waffles had $594,500 in sales, and a net profit margin of 4.0 percent. The firm has 2,750 shares of stock outstanding, with a market price per share of $42.40. What is the price-earnings ratio? 02.98 04.90 03.65 O 1.68 0.24

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