What is the firms price-earnings ratio

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Reference no: EM131307791

"A firm has net income of $198,500 and total equity of 1.15 million. There are 220,000 shares of stock outstanding at a price per share of $14.80. What is the firm's price-earnings ratio?"

16.21

16.4

$17.09

$17.28

$17.94

Reference no: EM131307791

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