Q8. The Farmer's Market has $725,000 in sales. The prot margin is 4.1 percent and the rm has 8,500 shares of stock outstanding. The market price per share is $23. What is the price-earnings ratio? Q9. Dallas Foods has current sales of $5,500 and a prot margin of 5.5 percent. The rm estimates that sales will increase by 4 percent next year and that all cost will vary in direct relationship to sales. What is the proforma net income ? Q10. The Shoes Plaza expects sales of $428,600 next year. The prot margin is 5.2 percent and the rm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings. (Hint: Net Income is either paid out as dividends or Retained in the company or a combination thereof)