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Problem 3-4 Price/Earnings Ratio Reno Revolvers has an EPS of $1.90, a cash flow per share of $3.20, and a price/cash flow ratio of 9.0.

Problem 3-4 Price/Earnings Ratio

Reno Revolvers has an EPS of $1.90, a cash flow per share of $3.20, and a price/cash flow ratio of 9.0. What is its P/E ratio? Round your answer to two decimal places.

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