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May &Gray has $ 8 7 6 , 4 0 0 in sales with profit margin of 3 . 8 percent.there are 3 2 ,

May &Gray has $

876, 400

in sales with profit margin of

3.8

percent.there are

32, 500

shares of stock outstanding at a Market Price per share of

21, 60 .

What is the price

-

earning ratio?

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