9. If KI has 100,000 shares outstanding and the stock is sold for $28.25 per share at the end of the year, its PE ratio is?

a. 103.65

b. 86.01

c. 150.86

d. 56.08

10. KI's quick ratio in 2015 is?

a. 0.68

b.1.32

c. 1.40

d. 0.51

11. KI's total asset turnover is?

a. 1.38

b. 0.72

c. 0.88

d. 1.15

12. KI's return on equity is?

a. 20.72

b. 18.43

c. 16.85

d. 21.38

13. KI's substantial growth rate is?

a. 3.87%

b. 15.28%

c. 4.26%

d. 11.31%

Use the following financial statements to answer Questions 1-17. Kramerica Industries (KI) 2015 Income Statement Sales $422,045 Cost of goods sold 291,090 Depreciation 37,053 Earnings before interest and taxes $93,902 Interest expense 16,400 Earnings before taxes $77,502 Taxes 27,126 Net income $50,376 Dividends Additions to retained earnings Kramerica Industries (KI) 2014 and 2015 Balance Sheets 2015 $29,106 Accounts payable 18,282 Long-term debt 2014 $28,450 13,693 2014 $61,722 95,000 2015 $69,426 110,000 Cash Accounts receivable Inventory Not foxed assets 45,000 27,931 3574165 32,586 Common stock 398,345 Retained earnings 45,000 253,893 223,517 $425,239 Total assets $478.319 $425,239 $478,319 Total liabilities and equity