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31-01-2024
Business

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Franklin Corporation reported net income of $75,000 in 2016. The company had 100,000 shares of $12 par value common stock outstanding and a market price of $18 per share. Franklin's price-earnings ratio was
A. 2.4:1
B. 24:1
C. 16.6:1
D. 1.5:1

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