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A Merge & Center - $ Clipboard 5 Font Alignment E129 A B C D E F G H I 133 13408. The Farmers Market has $725,000 in sales.

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Answer #1

Earnings per share

Earnings per share = Net Income / Number of shares outstanding

= [$725,000 x 4.10%] / 8,500 Shares outstanding

= $29,725 / 8,500 Shares outstanding

= $3.50 per share

Price-Earnings Ratio

Price-Earnings Ratio = Market price per share / Earnings per share

= $23.00 per share / $3.50 per share

= 6.57 Times

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