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QUESTION 13 Advanced Computing Inc. has sales of $300 million, a net profit margin of 9%, and 10 million shares of common stock outstanding. It

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QUESTION 13 Advanced Computing Inc. has sales of $300 million, a net profit margin of 9%, and 10 million shares of common stock outstanding. It has no preferred stock outstanding. If Allied stock trades at $32.40 per share, it has a price/earnings ratio of 12. True False

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