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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) ?
Conviction
A firmly held belief or opinion, or the process of being declared legally guilty of an offense by the verdict of a jury or the decision of a judge.
Gotti Family
A notorious crime family based in New York, well-known for their involvement in organized crime activities.
Informant
An informant is a person who provides confidential information or intelligence, especially to the police or other authority.
Physical Change
A change in which the form of matter is altered but one substance is not transformed into another.
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