16. Use the following information to answer the questions: Assets Liabilities and Equity Cash 12,000 Accounts payable 20,000 Marketable securities 4,000 Notes payable 8,000 Accounts receivable 11,000 Current liabilities 28,000 Inventory 35,000||Long-term debt 80,000 Current assets 62,000 Total liabilities 108,000 Machines 42,000 Paid-in capital 30,000 Real estate 60,000 Retained earnings 26,000 Net fixed assets 102,000 Equity 56,000 Total assets 164,000 Total liab. & equity 164,000 Line item Value Sales 720,000 Operating expenses 590,400 Depreciation 25,000 | EBIT 104,600 Interest 8,000 Taxable income 96,600 Taxes 31,878 Net income 64,722 The company has 30,000 shares outstanding, each currently trading at $23.9. a. What are earnings per share? b. What is the price-earnings ratio? c. What is the book value per share? d. What is the market/book ratio? 17. Use the following information to answer the questions: Assets Liabilities and Equity Cash 11,000 Accounts payable 21,000 Marketable securities 4,000 Notes payable 8,000 Accounts receivable 12,000 Current liabilities 29,000 Inventory 43,000 Long-term debt 80,000 Current assets 70,000 Total liabilities 109,000 Machines 42,000 Paid-in capital 30,000 Real estate 60,000 Retained earnings 33,000 Net fixed assets 102,000 Equity 63,000 Total assets 172,000 Total liab. & equity 172,000 Line item Value Sales 830,000 Operating expenses 680,600 Depreciation 25,000 | EBIT 124,400 Interest 8,000 Taxable income 116,400 Taxes 38,412 Net income 77,988 The company has 30,000 shares outstanding, each currently trading at $20.1. a. What are earnings per share? b. What is the price-earnings ratio