Balance Sheet 510,000.000 Assets Net sates (aft cre 3,000.0oo) (2,000,0oo) 250,000) Cash suman: 600.000 500,000 s,000 075,0oo Sefling and admin expense Depreciation expense interest expense Earnings before taxes 550,000 Total current assets 3.820,000) Fixed assets 8,000 000 Net income Less accum depr (2.075.000) 5.925,000 9,000,000 Total assets Accounts payable Notes payable Accrued taxes s 800,000 700,000 50,000 1,550,000 2,500,00o Total current liabilities Long-term debt Owner's equity (2 millions shares of common stock 4,950.000 9.000,000 Total liabilities and owner's equity Q31 Based on the information above, the average collection period is A) 36.50 days. B) 32.85 days C) 46.34 days D) 29.85 days Q32 Based on the information above, the debt ratio A) 24.1% B) 32.6% C) 45.0% D) 55.2% Base on the information above, and assuming the company's stock price is $30 per sh A) 3.09 B) 4.83 C) 9.85 D) 10.99 033 P/E ratio is