A firm has net income of 198500 and total equity of 115


"A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firm's price-earnings ratio?"

16.21

16.4

$17.09

$17.28

$17.94

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Financial Management: A firm has net income of 198500 and total equity of 115
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