What is the firm's P/E ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Ina. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of Cash and securities Accounts receivable 2015 $ 2.500 11,500 16.000 $30,000 $20.000 $50,000 Inventones Total current assets Net plant and equipment Total assets Labilities and Equity : Accounts payable Accruals Notes pavable Total current liabilities $9,500 5.500 2.000 $22.000 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $15.000 $37.000 5 2.000 -11.000 53.000 $50,000 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income 2015 $87,500 81,813 1.331 $ 4,156 __1375 $ 2,781 973 $ 1,808 500.00 $632.73 Other data Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6.25% 35% $43.39 2. 12.0 b. 12.6 O e 132 0.139 146