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Question
Benkart Corporation has sales of $5,000,000, net income of $800,000, total assets of $2,000,000, and 100,000 shares of common stock outstanding. If Benkart's P/E ratio is 12, what is the company's current stock price?A) $60 per share
B) $96 per share
C) $240 per share
D) $360 per share
Answer
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