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Spincic Corporation has provided the following data:Year 2Year 1Common stock, $2 par value$ 200,000$ ...

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Spincic Corporation has provided the following data:Year 2Year 1Common stock, $2 par value$ 200,000$ ...

Spincic Corporation has provided the following data:

	Year 2	Year 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

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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killerbear900 Author

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Smart ... Thanks!

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