Ducat Company has 2,000 outstanding shares and a Price/Earnings (P/E) ratio of 12.0.

During the year Ducat reported cost of goods sold for $200000 and on average charged a 10% mark up.

Assume a 365 day year.

Required 1: Assume the share price of Ducat company stay the same next year. If earnings per share double next year while the share price is maintained, how much will the P/E ratio be?

Required 2: If the market price of each outstanding common share is $120, determine the Net Income of the period. $

Required 3: Ducat's Gross profit percentage is (report it as multiplied by 100 to represent it as a percentage):

Required 4: If the market price of each outstanding common share is $110 Ducat's Return on Sales is (report it as multiplied by 100 to represent it as a percentage):

Required 5: If the market price of each outstanding common share is $300, determine the Earnings Per Share. $