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Question 2 Network communications recently issued 70,000 shares at $20 per share. The company earned $2,200,000 this year and has total assets of $8,000,000. Calculate

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Question 2 Network communications recently issued 70,000 shares at $20 per share. The company earned $2,200,000 this year and has total assets of $8,000,000. Calculate its price-to-earnings ratio. Explain what does this ratio mean to the company? (2 marks)

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