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Use the following information for questions 5 - 11 ABC Company Common shares 100,000 Common Share Equity $366,000 Common share price $10.00 COGS $425,000 Current

Use the following information for questions 5 - 11

ABC Company

Common shares 100,000

Common Share Equity $366,000

Common share price $10.00

COGS $425,000

Current Assets $239,000

Dividends on Common $28,000

Current Liabilities $68,500

Dividends on Preferred $5,000

Short-term Debt $4,000

Inventory $110,000

Long-term Debt $100,000

Invested Capital $544,000

Net Earnings $139,500

Preferred Share Equity $74,000

Net Sales $718,000

Question 11

What is ABC's Price Earnings (P/E) ratio?

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