Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $) Assets 2016

Cash and securities $ 1,554.0

Accounts receivable 9,660.0

Inventories 13,440.0

Total current assets $24,654.0

Net plant and equipment 17,346.0

Total assets $42,000.0

Liabilities and Equity Accounts payable $ 7,980.0

Notes payable 5,880.0 Accruals 4,620.0

Total current liabilities $18,480.0

Long-term bonds 10,920.0

Total liabilities $29,400.0

Common stock 3,360.0

Retained earnings 9,240.0

Total common equity $12,600.0

Total liabilities and equity $42,000.0

Income Statement (Millions of $) 2016

Net sales $58,800.0

Operating costs except depr'n $55,274.0

Depreciation $ 1,029.0

Earnings bef int and taxes (EBIT) $ 2,497.0

Less interest 1,050.0

Earnings before taxes (EBT) $ 1,447.0

Taxes $ 314.0

Net income $ 1,133.0

Other data:

Shares outstanding (millions) 175.00

Common dividends $ 509.83

Int rate on notes payable & L-T bonds 6.25%

Federal plus state income tax rate 21.7%

Year-end stock price $77.69

Refer to the data for Pettijohn Inc. What is the firm's dividends per share? a. $2.62 b. $3.20 c. $2.91 d. $3.88 e. $3.53

Refer to the data for Pettijohn Inc. What is the firm's market-to-book ratio? a. 0.66 b. 0.92 c. 0.56 d. 0.78 e. 1.08

Refer to the data for Pettijohn Inc. What is the firm's debt ratio (i.e., debt-to-assets ratio)? a. 33.87% b. 35.00% c. 40.00% d. 38.00% e. 36.40%

Refer to the data for Pettijohn Inc. What is the firm's days sales outstanding? Assume a 360-day year for this calculation. a. 48.17 b. 53.38 c. 56.19 d. 50.71 e. 59.14

Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 2016 $ 1,554.0 9,660.0 13.440.0 $24,654.0 17,346.0 $12,000.0 Balance Sheet (Millions of 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equiponent Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained comings Total common equity Total liabilities and equity $ 7,980.0 5,880.0 -4.620.0 $18.480.0 10.920,0 $29,400.0 3,360.0 _2.240.0 312.600.0 $42,000.0 Income Statement (Millions of s) Net sales Operating costs except depr'n Depreciation Earrings befint and taxes (EBIT) Less interest Earrings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2016 $58,800.0 $55,274.0 $ 1,429.0 $ 2,497.0 1,050.0 $ 1,447.0 $ 314.0 $ 1.133.0 175.00 $ 509.83 6.25% 21.7% 577.69