Lydia's Bakery has $920,000 in sales. The profit margin is 5 percent, and the firm has 8,000 shares of stock outstanding. The market price per share is $18.25. What is the price-earnings ratio?

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Lydia's Bakery has $920,000 in
sales. The profit margin is 5
percent, and the firm has 8,000
shares of stock outstanding. The
market price per share is $18.25.
What is the price-earnings ratio?
Transcribed Image Text:Lydia's Bakery has $920,000 in sales. The profit margin is 5 percent, and the firm has 8,000 shares of stock outstanding. The market price per share is $18.25. What is the price-earnings ratio?
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