12 Here is the same information repeated. The Income Statement for the Pine Co December 31, 201X appears below. Sales $610,000. Cost of goods sold $380, Expenses $197.000. Net profit before tax $33,000. You are provided with the a stock outstanding on January 1, 201X was 50,000 shares. On July 1, 10,000 m market price of Pine's stock was $12 at the end of 201X. What is the price cart tof Select one: a. 10 b. 15 c.20 V Pre ratio = market price / EPS in this case 120.6 which is 20 d. 30 e. None of the above The correct answer is: 20 n 13 out of Here is the same information slightly amended. The Income Statement for the December 31, 201X appears below: Sales $610,000. Cost of goods sold $380, profit is $33,000. You are provided with the additional information: (1) Common 201X was 50,000 shares. On July 1, 10,000 more shares were issued (2) The $12 at the end of 201X. Assume the expenses of $197.000 include interest ex example, assume agreed income tax expense with IRS was $12,000 which we What is the Times Interest Earned ratio? Select one: a 3.0 b. 3.25 V The formula is profit before interest and tax / interest expense bottom line profit and add back interest and tax expense which is (33.000 comes to 3.25 c. 3.50 d. 4 e None of the above The correct answer is: 3.25 on 14 The category that is generally considered to be the best measure of a compare concern is: o out of Select one: a Cash flows from operating activities b. Cash flows from investing activities c Cash flows from financing activities d. Depends on the industry the company belongs to e Cant say from the information given usually different from year to year