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  3. for 2017, net income is $320,000, common stock sha

For 2017, net income is $320,000, common stock shares outstanding are 80,000, and the market...

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For 2017, net income is $320,000, common stock shares outstanding are 80,000, and the market price is $24. There is no preferred stock. What is the price-earnings ratio on common stock? O 3.1 times O 7.7 times 6.0 times O 2.5 times QUESTION 24 Tongs Corporation purchased 40% of the outstanding stock of Sang Company on January 1, 2008 for $200,000. Sang reported net income of $80,000 and declared dividends of $20,000 during 2008. What is the balance of the Investment in Sang at December 31, 2008 assuming the equity method is appropriate? Please submit your answer in the following form: $100,000. Save All Click Save and Submit to save and submit. Click Save All Answers to save all answers. Bee

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