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Skaxo has $616,400 in sales. The profit margin is 8.75 percent and the firm has 14,000 shares of stock outstanding. The market price per share

Skaxo has $616,400 in sales. The profit margin is 8.75 percent and the firm has 14,000 shares of stock outstanding. The market price per share is $45.25. What is the price-earnings ratio? Round to two decimals.

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