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Sheffield Corporation had net income of $1940000 and paid dividends to common stockholders of $313000 in 2021. The weighted average number of shares outstanding in


Sheffield Corporation had net income of $1940000 and paid dividends to common stockholders of $313000 in 2021. The weighted average number of shares outstanding in 2021 was 242500 shares. Sheffield Corporation's common stock is selling for $40 per share on the NASDAQ.  what is the Sheffield Corporation's price-earnings ratio?

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