30 50 par, 8% 50 The following information have been taken from the Muscat Company...
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Accounting
30 50 par, 8% 50 The following information have been taken from the Muscat Company sales returns Interest expense 250 Preferred stock, $8 $1,00 Sales 0 Utility Expenses 30% Income taxes 5 Preferred stock 1,150 Total stockholders dividends equity 40 The market price of 100 Dividend revenue common stock 700 Beginning Inventory sales commission 70 purchased inventory 200 Common stock, $5 par 50 Required Compute the Price-earnings ratio and explain the result
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