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Please show process . Thanks 20) A firm has 160,000 shares outstanding, sales of $1.94 million, net income of S126,400, a price- earnings ratio of

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20) A firm has 160,000 shares outstanding, sales of $1.94 million, net income of S126,400, a price- earnings ratio of 21.3 and a book value per share of $12.01. What is the market-to-book ratio? a) 1.84 by 2.12 31.40 d) 2.45 e) 2.69 1-411 12.1 PER1.3 23) Hunter Equipment Rental paid $100 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rte is 35%. Sales are $15,900 and depreciation is $680. What are the earnings before interest and taxes? a) $589.46 b) $1,294.46 $1,307.92 d) $9,560.85 e)$15,220

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