1a. Mikes Mens Wear has $504,300 in sales. The profit margin is 5.1 percent and the firm has 1,600 shares of stock outstanding. The market price per share is $45. What is the price-earnings ratio?

a. 2.80

b. 3.58

c. 5.86

d. 6.27

e. 7.67

1b. A firm has cash of $1,250, accounts receivable of $3,915, inventory of $7,023, and accounts payable of $8,500. What is the value of the quick ratio?

a. 0.33

b. 0.61

c. 0.73

d. 0.95

e. 1.07

1c. A firm has common stock of $3,200, total liabilities of $1,700, current assets of $3,200, and fixed assets of $6,800. What is the amount of the shareholders equity?

a. $4,600

b. $5,873

c. $8,300

d. $11,475

e. $21,698