Compute the firm price-earnings ratio

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Reference no: EM131821467

RTR Corp. has reported a net income of $551,000 for the year. The company's share price is $17.49, and the company has 616,000 shares outstanding. Compute the firm's P/E (price-earnings) ratio. Round it to two decimal place, e.g., 12.52.

Reference no: EM131821467

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