1/1 Use the information to calculate the net income: sales are Rs 100, cash received from customers is Rs 50, prepaid rent is Rs 20. depreciation expense is Rs 10, pre-paid insurance is Rs 15. insurance expense Rs 5, rent expense Rs 5, and cost of goods sold is Rs 30.* I o O Rs 15 Rs 0 0 Rs 100 o Rs 50 1/1 ABC Manufacturing had 2018 earnings of Rs. 850,000. Cash dividends for 2018 were Rs. 1.25 per share. The company had an average of 350.000 shares of common stock outstanding. The market price of the stock at the end of the year was Rs. 30 per share. What was the price earnings ratio for ABC Manufacturing