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Financial Information for Accessories Unlimited Includes the Following Selected Data

Question 122

Multiple Choice

Financial information for Accessories Unlimited includes the following selected data: What is the company's price-earnings ratio?
 Net income (in millions)  $150 Shares outstanding (in millions)  300 Stock price $20.00\begin{array} { | l r | } \hline \text { Net income (in millions) } & \$ 150 \\\hline \text { Shares outstanding (in millions) } & 300 \\\text { Stock price } & \$ 20.00 \\\hline\end{array}


A) 20.0.
B) 40.0.
C) 60.0.

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