1. The price-earnings ratio on common stock is calculated as:

earnings per share of common stock, divided by market price per share of common stock.

dividends per share of common stock, divided by earnings per share on common stock.

market price per share of common stock, divided by earnings per share on common stock.

market price per share of common stock, divided by dividends per share of common stock.

2.

The Cash and Accounts Receivable end-of-year balances for a company are provided below:

	Current Year		Prior Year
Cash	$77,128		$62,200
Accounts receivable (net)	56,374		79,400

Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.

	Amount		Percentage
Cash	$		%
Accounts Receivable	$		%