Q4. Please refer to the Table below for Stewart Company to answer the following questions. (7 marks) Balance Sheet Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets 8,000,000 Less: accum depr. (2,075,000) Net fixed assets $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925,000 $9,000,000 Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000 Net income Find out: 1. Current ratio 2. Quick ratio 3. Average collection period Debt ratio 5. Times interest earned 6. Total assets turnover 7. Assuming the company's stock price is $30 per share, find the P/E ratio