Question 66 Not yet answered Marked out of 1.00 P Flag question Awad Inc. reported the following financial statements for 2020: Assets Cash Marketable securities Accounts receivable Inventory Total current assets Fixed assets (net) Total assets Balance Sheet (5000) Liabilities & Stockholders' Equity $1,500 Accounts payable 2,500 Notes payable 15,000 Total current liabilities 33,000 Long-term debt $52,000 Total liabilities 35,000 Common stock Ipar value) $87,000 Contributed capital in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $12,500 12,500 $25,000 22,000 $47,000 5.000 18,000 17,000 $40,000 $87,000 Income Statement (5000) Sales (all on credit) Cost of sales Gross margin Operating expenses Earnings before interest and taxes Interest expense Earnings before taxes Income tax Earnings after taxes $130,000 1033,000 $ 27,000 16,000 $ 11,000 3,000 $ 8,000 3,000 $5,000 "Includes $200 (000) in lease payments. Other Information Stock price Book value/share Number of shares $9.50 $8.00 5,000 (000) The firm's price-to-earnings ratio is: Select one: O a. 9.5X o b. Cannot be determined O c. 8.0X o d. 1.19X e. 9.500X