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Use the following statement of financial position and statement of comprehensive income Blue Bird, Inc. 2018 Statement of comprehensive income Net Sales $12,630 Less: Cost

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Use the following statement of financial position and statement of comprehensive income Blue Bird, Inc. 2018 Statement of comprehensive income Net Sales $12,630 Less: Cost of Goods Sold 8,240 Less: Depreciation 1,010 Earnings Before Interest and Taxes 3,380 Less: Interest Paid 750 Taxable income $2,630 Less: Taxes 920 Net Income $1,710 Blue Bird, Inc. Statement of financial position Years ended 2017 and 2018 2017 2018 2017 2018 Cash $640 $590|Accounts payable Accounts rec. 1,200 1,390 Long-term 2,500 2,800 debt Inventory 2,300 2,470 Common 4,000 4,500 stock Total $4,140 $4,450 Retained 1,040 1,690 earnings Net fixed 4,640 5,200 assets Total assets $8,780 $9,650 Total liabilities $8,780 $9,650 & equity Blue Bird, Inc. has 1,500 shares of stock outstanding. The price-earnings ratio for 2018 is 21. What is the market price per share of stock? $24.16 $23.94 $21.00 $18.90 $26.87

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