Gluten Corporation had profit of $1,718,000.It paid preferred dividends of $65,000.There were 600,000 common shares outstanding.The market price per share was $59.46.Calculate the price-earnings ratio.

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The Answer of Gluten Corporation had profit of $1,718,000.It paid preferred dividends of $65,000.There were 600,000 common shares outstanding.The market price per share was $59.46.Calculate the price-earnings ratio.

Gluten Corporation Had Profit of $1,718,000