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The following information pertains to SFC Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Assets Cash and short-term investments $ 45,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $300.000 Liabilities and Stockholders Eguilty Current liabilities $ 50,000 Long-term liabilities 90.000 Stockholders equity-common 160.000 Total Liabilities and Stockholders' Equity $300.000 Income Statement Sales $ 120,000 Cost of goods sold _66.000 Gross profit 54.000 Operating expenses 18000 $36.000 Net income 310 2011 COTU > 29 to search The following information pertains to SFC Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 45,000 Accounts receivable (net) 25.000 Inventory 20,000 Property, plant and equipment 210.000 Total Assets $300.000 Liabilities and Stockholders' Equity Current liabilities $ 50,000 Long-term liabilities 90,000 Stockholders equity-common 160.000 Total Liabilities and Stockholders' Equity 5300.000 Sales Cost of goods sold Gross profit Operating expenses Net income Income statement $ 120,000 66.000 54,000 18.000 $36.000 > 31" 2021 11 12 13 1 7 9 10 14 2 3 4 5 6 8 Sales Cost of goods sold Gross profit Operating expenses Net income Income Statement $ 120,000 66,000 54,000 18.009 5:36.000 6,000 $33 0.50 Number of shares of common stock Market price of common stock Dividends per share What is the price-earnings ratio for SFC Company? O 1.1 times O None of these O 5.5 times 1.5 times

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