Question: ComChip is a computer chip manufacturer whose stock is selling at $50 per share. Next year's net earnings, minus the preferred stock dividends, is estimated

ComChip is a computer chip manufacturer whose stock is selling at $50 per share. Next year's net earnings, minus the preferred stock dividends, is estimated to be $300,000. The company currently has 100,000 shares of common stock outstanding. What is the firm's P/E ratio?

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