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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?

3. A firm has a return on equity of 23 percent. The total asset turnover is 2.2 and the profit margin is 6 percent. The total equity is $5,600. What is the amount of the net income?

4. A firm has sales of $311,000 and net income of $31,600. Currently, there are 28,000 shares outstanding at a market price of $36 per share. What is the price-sales ratio?

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