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Please answer within the next 15-20mins. Thank you for your help! A company reported the following: Net income $436,590 Preferred dividends $32,340 Shares of common

Please answer within the next 15-20mins. Thank you for your help!
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A company reported the following: Net income $436,590 Preferred dividends $32,340 Shares of common stock outstanding 55,000 Market price per share of common stock $50.13 Calculate the company's price earnings ratio. Round your answer to two decimal places

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