Use the balance sheet and income statement data for Pettijohn Inc. In Question #8. What is the firm's profit margin? O a. 1.56% O b. 1.93% O c.2.12% O d. 1.73% O e. 1.40% The balance sheet and income statement shown below are for Pettijohn Inc. Use these statements to answer the questions 8-16 Balance Sheet (Millions of S) Assets 2016 Cash and securities $ 1,5540 Accounts receivable 9.6600 Inventories 13.440.0 Total current assets $24.6540 173450 Net plant and equipment $42.0000 Total assets Liabilities and Equity $7.9800 Accounts payable 5.8600 Notes payable Accruals 46200 $18.4800 10.920,0 $29.4000 300 Total current liabilities Long-term bonds Total liabilities 92400 Common stock Retained earnings Allan Income Statement (Millions of $) 2016 $58,800.0 $552740 $ 1.029.0 $ 24970 Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) 1.050.0 $ 14470 53140 $ 1,133.0 17500 $ 50980 6.25% 2175 $77.69 Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings befint and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income 2016 $58,8000 $55,2740 $ 1.029.0 $ 2,497.0 1.050,0 $ 14470 $314.0 $ 1.133.0 $ 1.133.0 Other data: Shares outstanding (millions) Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 175.00 $ 509 83 6255 21.75 $77.69 Use the balance sheet and income statement data for Pettijohn Inc. In Question #8. What is the firm's profit margin? O a. 1.56% O b. 1.93% O c.2.12% O d. 1.73% O e. 1.40% The balance sheet and income statement shown below are for Pettijohn Inc. Use these statements to answer the questions 8-16 Balance Sheet (Millions of S) Assets 2016 Cash and securities $ 1,5540 Accounts receivable 9.6600 Inventories 13.440.0 Total current assets $24.6540 173450 Net plant and equipment $42.0000 Total assets Liabilities and Equity $7.9800 Accounts payable 5.8600 Notes payable Accruals 46200 $18.4800 10.920,0 $29.4000 300 Total current liabilities Long-term bonds Total liabilities 92400 Common stock Retained earnings Allan Income Statement (Millions of $) 2016 $58,800.0 $552740 $ 1.029.0 $ 24970 Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) 1.050.0 $ 14470 53140 $ 1,133.0 17500 $ 50980 6.25% 2175 $77.69 Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings befint and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income 2016 $58,8000 $55,2740 $ 1.029.0 $ 2,497.0 1.050,0 $ 14470 $314.0 $ 1.133.0 $ 1.133.0 Other data: Shares outstanding (millions) Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 175.00 $ 509 83 6255 21.75 $77.69