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The following amounts were taken from the financial statements of Leaf Company: 2017 $800,000 Total assets Net sales 720,000 Gross profit 352,000 Net income 150,000

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The following amounts were taken from the financial statements of Leaf Company: 2017 $800,000 Total assets Net sales 720,000 Gross profit 352,000 Net income 150,000 50,000 Weighted average common shares outstanding Market price of common stock The price-earnings ratio for 2017 is: $64.50 a. 21.5 times. 3.0 times, b OC. 4.5 times. Od 36 times

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