KBJ has total assets of $613,000. There are 21,000 shares of stock outstanding with a...
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Accounting
KBJ has total assets of $613,000. There are 21,000 shares of stock outstanding with a market value of $13 a share. The firm has a profit margin of 6.2 percent and a total asset turnover of 1.08. What is the price-earnings ratio?
A. 6.65
B. 6.38
C. 7.99
D. 5.12
E. 7.41
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