RTR Corp. has reported a net income of $812,425 for the year. The company's share price is $13.45, and the company has 312,490 shares outstanding. Compute the firm's price-earnings ratio.
A) 4.87 times
B) 8.12 times
C) 5.17 times
D) None of the above
Answer: C) 5.17 times
Business
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