The following table gives the information for M&M Foods. The company currently pays out 20% of net income as dividends to stockholders. Answer Questions 2 23.

	2020	2021
Cost of goods sold	$3,670	$4,109
Cash	250	313
Depreciation	125	122
Interest expense	291	280
Current liabilities	717	1,051
Net fixed assets	4,006	4,123
Sales	5,831	6,423
Accounts receivable	1,092	1,162
Long-term debt	2,400	1,100
Inventory	1,495	1,521
New equity	0	250
Taxes	590	672

1. If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its PE ratio is _____.

   	a.	31%
   	b.	31
   	c.	20.16
   	d.	20.16%

1 points

QUESTION 21

1. If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its market-to-book ratio is _____.

   	a.	5.03%
   	b.	5.03
   	c.	4.12%
   	d.	4.12

1 points

QUESTION 22

1. M&M Foods' internal growth rate in 2021 is _____.

   	a.	0.80
   	b.	0.16
   	c.	0.54
   	d.	0.25

1 points

QUESTION 23

1. M&M Foods' sustainable growth rate in 2021 is _____.

   	a.	0.25
   	b.	0.54
   	c.	0.16
   	d.	0.80