What is the price-earnings ratio

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Reference no: EM131342056

Frick and Frack has total assets of $1,230,500 and total assets turnover of 1.4. The firm has a profit margin of 10.2 percent. There are 35,000 shares of stock outstanding with a market value of $32 a share. What is the price-earnings ratio?

a. 6.37

b. 8.20

c. 19.38

d. 20.12

e. 22.41

Reference no: EM131342056

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