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Calculate the price to earnings ratio for company x

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Reference no: EM133095938

Question - Company X only has common shares. The following data is available for Company X for 2020

Earnings = 5400000

Sales = 7000000

Average number of common shares outstanding = 700000

Market price per share = 61

Book value per share = 35

Required - Calculate the price to earnings ratio for company X.

Reference no: EM133095938

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