A company has net income of $59,850, a price-earnings ratio of 22.6, and 25,500 shares of stock outstanding. If the price-cash flow ratio is 20.4, what is the cash flow per share?
A) $2.05
B) $2.34
C) $2.60
D) $2.69
E) $3.14
Correct Answer:
Verified
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