The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the price-earnings ratio for Ortiz?
Definitions:
Expected Value
The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence, used in probability and statistics.
Confidence Interval Estimate
A spectrum of values, drawn from sample statistics, projected to embrace the value of an undefined population measure.
Standard Error
A statistical measure that quantifies the variability or dispersion of a sample statistic from the population parameter.
Sample Size
The number of observations or units chosen from a population to participate in a statistical study, influencing the study's validity and conclusions.
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