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Home Q & A Board Other Fields Homework Help Business Accounting
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nevermind11111 nevermind11111
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9 months ago

Tempel Corporation has provided the following data:

Year 2Year 1
Common stock, $4 par value$ 240,000$ 240,000
Total stockholders' equity$ 817,000$ 810,000
Net operating income$ 36,714
Net income before taxes$ 17,714
Net income$ 12,400

The market price of common stock at the end of Year 2 was $2.77 per share. The company’s price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 9.23

▸ 0.35

▸ 4.54

▸ 13.40
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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mrivas57mrivas57
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nevermind11111 Author
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9 months ago
This helped my grade so much Perfect
jbarnett14
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Smart ... Thanks!
Lawson1981
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2 hours ago
Brilliant ツ
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