The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortination charges, it does not lose any nets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over Balance Sheet (Millions of 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 2018 $3,000 15,000 18,000 $36,000 $24,000 $60,000 $18,630 8,370 6,000 $33,000 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $9,000 $42.000 $5,040 12.960 $18,000 $60,000 Income Statement (Millions of s) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest 2018 $84,000 78,120 1,680 $4,200 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income 2018 $84,000 78,120 1,680 $4,200 900 $3,300 1,320 $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of 5) $693.00 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $47.52 Refer to Exhibit 4.1. What is the firm's P/E ratio? Do not round your intermediate calculations a. 13.2 b. 12.0 C. 13.9 d. 14.6 e. 12.6 Hide Feedback Incorrect