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Mickey and Donald Inc. has net income of $ 4 1 , 6 0 0 and total equity of $ 3 8 1 , 0

Mickey and Donald Inc. has net income of $41,600 and total equity of $381,000. The firm was 60,000 shares of stock outstanding at a price per share of $14.20. What is the firms P/E ratio?
19.85
19.32
20.48
19.64

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