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5- A firm has 12,000 shares of stock outstanding, sales of $721,300, a profit margin of 13 percent, a tax rate of 21 percent, a

5- A firm has 12,000 shares of stock outstanding, sales of $721,300, a profit margin of 13 percent, a tax rate of 21 percent, a price-earnings ratio of 11.3, and a book value per share of $7.98. find (Show your calculations):

A- What is the net income for the firm?

B- What is the market-to-book ratio?

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