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QUESTION
Market Value Ratios Lab R Doors' year-end price on its common stock is $44. The firm has a profit margin of 10.4%, total assets of $34 million, a...
Market Value Ratios Lab R Doors' year-end price on its common stock is $44. The firm has a profit margin of 10.4%, total assets of $34 million, a total asset turnover ratio of 2.40, no preferred stock, and there are 4.4 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.)
