Ratzell's Place has a market-to-book ratio of 2.7, net income of $68,400, a book value per share of $37, and 45,000 shares of stock outstanding. What is the price-earnings ratio?
A) 24.34
B) 28.16
C) 55.10
D) 59.09
E) 65.72

Question

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The Answer of Ratzell's Place has a market-to-book ratio of 2.7, net income of $68,400, a book value per share of $37, and 45,000 shares of stock outstanding. What is the price-earnings ratio?
A) 24.34
B) 28.16
C) 55.10
D) 59.09
E) 65.72

Ratzell's Place Has a Market-To-Book Ratio of 2