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Jupiter Explorers has $10,400 in sales. The profit margin is 4 percent. There are 4,600 shares of stock outstanding. The market price per share is

Jupiter Explorers has $10,400 in sales. The profit margin is 4 percent. There are 4,600 shares of stock outstanding. The market price per share is $1.80. What is the price-earnings ratio?

A 9.95

B 40.19

C 16.28

D 19.90

E 12.24

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