A&T Company has posted the following financial results for the year ended December 31, 2018. $3,300,000 A&T COMPANY Income Statement Year ended December 21, 2018 Sales Cost of goods sold Gross profit Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes 1.950.000 1,350,000 650.000 230.000 A&T COMPANY Comparative Balance Sheets Dec 31, 2018 Dec. 31, 2017 Assets Current assets Cash $120,000 $100,000 Accounts receivable (net) 510.000 500,000 Inventory 640,000 610,000 Prepaid expenses 30.000 60,000 Total current assets 1,300.000 1.270,000 Investments (long-term Securities) 80.000 90,000 Plant and equipment $2,600.000 $2.000.000 Less: Accumulated amortization 1.230.000 1.000.000 Net plant and equipment 1.370.000 1.000.000 Total assets $2.750.000 $2.360,000 470.000 80.000 390,000 140.000 $250.000 Preferred stock dividends Earnings available to common shareholders 10.000 $240.000 Shares outstanding Earnings per share 150.000 $1.60 $300,000 500.000 70,000 870,000 1 Statement of Retained Earnings For the Year Ended December 31, 2018 Liabilities and Shareholders' Equity Current liabilities Accounts payable $550.000 Notes payable 500.000 Accrued expenses 50,000 Total current liabilities 1.100.000 Long-term liabilities Bonds payable, 2020 160.000 Total liabilities 1.260.000 Shareholders' equity Preferred stock 90,000 Common stock 500.000 Retained earnings 900.000 Total shareholders' equity 1.490.000 Total liabilties and shareholders' equity $2,750,000 100.000 970,000 $800.000 240.000 Retained earnings, balance, January 1, 2018 Add: Earnings available to common shareholders, 2018 Deduct: Cash dividends declared and paid in 2018 Retained earnings, balance, December 31, 2018 140.000 $900.000 90,000 500,000 800.000 1.390,000 $2.360.000 11. If A&T Company's stock has a P/E ratio of 25 times earnings per share, what is the current market price of the stock? Answer: Based on the figures provided by A&T Company in 2018, calculate: 12. The cash provided by the company's operating activities Answer: 13. Its book value (net worth) per share Answer: 14. Its return on assets Answer: 3 Page O 15. Its times interest earned ratio