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QUESTION
Reagan Corp. has reported a net income of $827,000 for the year. The company's share price is $12.67, and the company has 320,910 shares outstanding....
Reagan Corp. has reported a net income of $827,000 for the year. The company's share price is $12.67, and the company has 320,910 shares outstanding. Compute the firm's price-earnings ratio upto two decimal places.
