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killerbear900 killerbear900
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9 months ago

Spincic Corporation has provided the following data:

Year 2Year 1
Common stock, $2 par value$ 200,000$ 200,000
Net operating income$ 66,769
Net income before taxes$ 50,769
Net income$ 33,000

The market price of common stock at the end of Year 2 was $4.13 per share. The company’s price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 0.52

▸ 8.10

▸ 6.16

▸ 12.52
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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daoneandonly300daoneandonly300
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killerbear900 Author
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9 months ago
This helped my grade so much Perfect
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Correct Slight Smile TY
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Smart ... Thanks!
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