Determine the Crane Corporation price-earnings ratio

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Question - Crane Corporation had net income of $2040000 and paid dividends to common stockholders of $303000 in 2021. The weighted average number of shares outstanding in 2021 was 510000 shares. Crane Corporation's common stock is selling for $36 per share on the NASDAQ. Determine the Crane Corporation's price-earnings ratio?

Reference no: EM133005084

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