24. The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Assets Cash and short-term investments S 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $295.000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 60,000 85.000 50.000 $295.000 Income Statement $ 85,000 45.000 Sales revenue Cost of goods sold Gross margin Operating expenses Net income 40.000 20.000 $ 20.000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6,000 $20 0.90 $30,000 What is the price earnings ratio for this company? A) 2.5 times B) 80 times C) 2.0 TS D) 60 times 25 Dolan Company's accounting records reflect the following inventories Dec 31, 2017 Raw materials inventory Dec 31, 2016 Work in process inventory $310,000 $260.000 300.000 Finished poods inventory 160.000 190,000 150.000 During 2017, 5800,000 of raw materials were purchased, direct labor costs amounted to 5670,000, and manufacturing overhead incurred was S640,000. The total raw materials available for use during 2017 for Dolan Company is A) $1.000.000 B) $750,000 C SI 110.000 D) S660.000 Version Page 8