What is the price-earnings ratio
Task: Trying to find the price-earnings ratio for the following:JE, Inc has $6,400 in sales. The profit margin is 4 percent. There are 6,400 shares of stock outstanding. The market price per share is $1.20. What is the price-earnings ratio?
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The market price per share is $1.20. What is the price-earnings ratio?
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