Question
1. A firm has sales of $1,080, net income of $212, net fixed assets of $516, and current assets of $272. The firm has $87
1. A firm has sales of $1,080, net income of $212, net fixed assets of $516, and current assets of $272. The firm has $87 in inventory. What is the common-size statement value of inventory?
2. Jupiter Explorers has $8,000 in sales. The profit margin is 4 percent. There are 4,200 shares of stock outstanding. The market price per share is $1.50. What is the price-earnings ratio?
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