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    Price-Earnings Ratio for ABC, Inc.

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    ABC, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $19 a share. The firm has a profit margin of 6.4 percent and a total asset turnover of 1.36. What is the price-earnings ratio?

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    Price-Earnings Ratio
    ABC, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $19 a ...

    Solution Summary

    Response helps in computation of Price-Earnings Ratio for ABC, Inc.

    $2.19