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The balance sheets at the end of each of the first two years of operations indicate the following:
If net income is $115,000 and interest expense is $30,000 for 2012,and the market price is $30,What is the price-earnings ratio on common stock for 2012 (Round intermediate calculation to two decimal place and final answers to one decimal place) ?
Mesoderm
A middle layer of cells or tissues in an embryo from which many organs and tissues such as muscle, bone, and blood vessels develop.
Subcutaneous Adipose Tissue
A layer of fat stored directly under the skin, serving as insulation and energy storage.
Skin Wound
A break or opening in the skin that results from injury or surgical incision.
Blood Clot
A mass of blood cells and coagulation factors that form to stop bleeding and facilitate healing.
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