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Jupiter Explorers has $ 1 0 , 0 0 0 in sales. The profit margin is 3 percent. There are 5 , 5 0 0

Jupiter Explorers has $

10, 000

in sales. The profit margin is

3

percent. There are

5, 500

shares of stock outstanding, with a price of $

1.60

per share. What is the company's price

earnings ratio?

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