1. The price-earnings ratio P/E is the ratio (market value of one share)/(earnings per share). If P/E increases by 19% and the earnings per share decrease by 9%, determine the percentage change in the market value. Round your answer to the nearest percentage point.

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2. To produce each product unit, the company spends $1.75 on material and $2.95 on labor. Its total fixed cost is $9000. Each unit sells for $6.15. What is the smallest number of units that must be sold for the company to realize a profit?

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3. A company produces coffee makers. The labor cost of assembling one coffee maker during the regular business hours is $2.95. If the work is done in overtime, the labor cost is $3.75 per unit. The company must produce 800 coffee makers this week, and does not want to spend more than $2504 in labor costs. What is the smallest number of units that must be assembled during the regular hours?

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4. The current ratio (assets/liabilities) of company X is 3.5. -> a. Given that the current assets are $245000, find the current liabilities.

The board of directors determines that the current ratio must never be below 2.6. -> b. What is the maximum amount that the company can borrow?

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Thorough explanation for all questions please. Thank you!