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A company reported net income of $850,000 for the current year.The year-end market price per common share was $12 and there were 425,000 weighted-average shares of common stock outstanding.Calculate the company's price-earnings ratio.
Crime
An act or omission that violates a law which results in a punishment.
Implied Permission
Consent for an action that is not explicitly granted but inferred from actions or circumstances.
Land
A natural resource that encompasses the earth's surface, excluding water bodies, and can include the resources above and beneath the surface area.
Tort Law
The area of law that deals with civil wrongs and damages to a person’s body, property, reputation, or rights, not involving a contract.
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