Question completion Status: QUESTION 5 The price earnings ratio reveals information about the stock market's expectations for a company's future earnings growth. True False QUESTION 6 Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $150,000 for its first year, what amount of income is credited to Lee's capital account? (Do not round your intermediate calculations.) $45,000. $60,000. $67,500 $54,000. $50,000 QUESTION 7 A company cannot have a liability if the amount of the obligation is unknown. True False Save AIA