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Question: using the balance sheets for kellman company if net income...

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Using the balance sheets for Kellman Company, if net income is $112,159 and interest expense is $30,947 for Year 2, and market price is $35, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)?

I need a step-by-step answer like the equation for price-earnings ratio and the equation for earning per share and MPS and current stock price.The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total curr

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