Vaughn Manufacturing had net income of $1607000 and paid dividends to common stockholders of $401750 in 2022. The weighted average number of shares outstanding in 2022 was 610660 shares. Vaughn Manufacturing common stock is selling for $60 per share on the NASDAQ. Vaughn Manufacturing price-earnings ratio is

8.0 times.
22.8 times.
4.0 times.
2.6 times.

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1PE ratio formula is ... View the full answer