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The Following Information Pertains to Blue Flower Company What Is the Price-Earnings Ratio for This Company?
A)2

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The following information pertains to Blue Flower 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 $5,000 Accounts receivable (net)  30,000 Inventory 25,000 Property, plant and equipment 210,000 Total Assets $310,000 Liabilities and Stockholders’ Equity  Current liabilities $60,000 Long-term liabilities 95,000 Stockholders’ equity-common 155,000 Total Liabilities and Stockholders’ Equity $310,000 Income Statement  Sales revenue $116,000 Grost of goods sold 66,000 gross ,argin 50,000 Operating expenses 30,000 Net income $20,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share on common stock 50 Cash provided by operations $35,000\begin{array}{lr}\text { Assets } & \\\text { Cash and short-term investments } & \$ 5,000 \\\text { Accounts receivable (net) } & 30,000 \\\text { Inventory } & 25,000 \\\text { Property, plant and equipment } & 210,000 \\\text { Total Assets } & \$ 310,000\\\\{\text { Liabilities and Stockholders' Equity }} \\\text { Current liabilities } & \$ 60,000 \\\text { Long-term liabilities } & 95,000 \\\text { Stockholders' equity-common } & 155,000 \\\text { Total Liabilities and Stockholders' Equity } & \$ 310,000\\\\{\text { Income Statement }} \\\text { Sales revenue } & \$ 116,000\\\text { Grost of goods sold } & 66,000 \\\text { gross ,argin } & 50,000 \\\text { Operating expenses } & 30,000 \\\text { Net income } & \$ 20,000\\\\\text { Number of shares of common stock } & 6,000 \\\text { Market price of common stock } & \$ 20 \\\text { Dividends per share on common stock } & 50 \\\text { Cash provided by operations } & \$ 35,000\\\end{array} What is the price-earnings ratio for this company?

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