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Question 30 3.4 pts As a stockholder in Lakers & Celtics Company, you receive its annual report. In the financial statements, the firm has reported

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Question 30 3.4 pts As a stockholder in Lakers & Celtics Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, liabilities of $6 million, after-tax earnings of $2 million, and 825,000 outstanding shares of common stock. Assume a share of Lakers & Celtics Company's common stock has a market value of $40, what is the firm's price-earnings ratio? [Round you answer to the nearest whole number)

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