The following information Page 9 and ending balance figures. Assume that all sales were on credit. pertains to Blue Flower Company. Assume that all balance sheet amounts represent both averag Cash and short-term investments Accounts receivable (net) $ 45,000 30,000 25,000 Property, plant and equipment Total Assets Liabilities and Stockholers' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 60,000 95,000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $116,000 50,000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 0.50 535,000 What is the price-earnings ratio for this company? A) 2.4 times B) 2.0 times C) 3.4 times D) 6.0 times 46. The following amounts were taken from the financial statements of Ando Company: 017 Total assets Net sales Gross proft $800,000 720,000 352,000 108,000 $1,000,000 650,000 320,000 117,000 Net income Weighted average number of 90,000 $42 90,000 539 common shares outstanding Market price of common stock The profit margin ratio for 2017 is A) 15%. B) 16%. C) 18%. D) 14%. 47. Solvency is of most interest to A) short-term creditors B) long-term creditors. C) stockholders. D) competitors