Question: Help Save & Exit Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per

 Help Save & Exit Shown below is selected information from the

financial statements of Supreme Company Dollar amounts are in millions (except for

Help Save & Exit Shown below is selected information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1, 290 Cost of goods sold $ 535 Operating expenses $ 455 Net income $ 420 Balance sheet information: Average total equity $ 2,700 Average total assets $ 4,300 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $91 per share. Supreme's price-earnings ratio at year end was: Multiple Choice O 25 00 22.75 O 100.00

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