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Mathematics, 24.08.2020 07:01 doggylover6633

Melody Records’ year-end price on its common stock is $15. The firm has a profit margin of 8%, total assets of $25 million, a total asset turnover ratio of 0.75, no preferred stock, and there are 3 million shares of common stock outstanding. Calculate the PE ratio for Melody Records.

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Melody Records’ year-end price on its common stock is $15. The firm has a profit margin of 8%, total...
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