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Please answer the question in details with a clear answer. If you dont know the answer please DO NOT ANSWER. Thank you! 4. Discount Mart

Please answer the question in details with a clear answer. If you dont know the answer please DO NOT ANSWER. Thank you!

4. Discount Mart has 876,400 in sales. The profit margin is 3.8 percent. There are 32,500 shares of stock outstanding. The market price per share is 21.60. What is the price- earnings ratio? (5 points)

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