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Compute Skysong Inc price-earnings ratio

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Question - Skysong, Inc. had net income of $2017000 and paid dividends to common stockholders of $327000 in 2017.

The weighted average number of shares outstanding in 2017 was 406000 shares.

Skysong, Inc. common stock is selling for $60 per share on the NASDAQ.

Compute Skysong, Inc. price-earnings ratio?

Reference no: EM132495682

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