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. Table widow of 5) Pettijohn Inc, Balance Sheet Assets: Liabilities: Cash and marketable securities $1,554 Accounts payable $7,980 Accounts receivable 9.660 Notes payable 5,880 Inventories 13.440 Accrued taxes 4.620 Total current assets 24,654 Total current liabilities $18480 Net fixed assets $17,346 Long-term debt 10,920 Total assets $42.000 Common Stock Retained Barnings 9,240 T. Liabilities equity $42.000 Table 2 million Pettijohn Inc. Income Statement Other Information Net sales (all credit 558,000 The common shares are trading in Operating Costs except depreciation S54,978 the stock market for $77 each. Depreciation expense $ 1,029 EBIT $2,793 Shares outstanding - 175 million Interest expense LOSO Earnings before taxes $1,743 Income taxes S601 Net income S 1.13 Common stock dividends $509.83 Change in retained camings $1,233.17 11. (2 points) Based on the information in Table I, the current ratio is: 12. (2 points)Based on the information in Table 2, the net profit margin is: (4) 13. (2 points) What is the P/E ratio? What does a high P/E ratio indicate? (4) 14. (2 points) What is the return on equity? Assume that current retained earnings have not been added to the equity account