Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 11,000 4,000 8,000 32,000 55,000 42,000 60,000 102,000 157,000 Liabilities and Equity Accounts payable 19,000 Notes payable 8,000 Current liabilities 27,000 Long-term debt 80,000 Total liabilities 107,000 Paid-in capital 30,000 Retained earnings 20,000 Equity 50,000 Total liab. & equity 157,000 Real estate Net fixed assets Total assets Line item Value Sales 760,000 Operating expenses 623,200 Depreciation 25,000 EBIT 111,800 Interest 8,000 Taxable income 103,800 Taxes 34,254 Net income 69,546 The company has 30,000 shares outstanding, each currently trading at $20.2. IS- Attempt 1/10 for 10 pts. Part 1 What is the price/earnings ratio? 1+ decimals coach B a