Compute the Price-earnings ratio and Net income

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Reference no: EM132756859

Question - The following information for Ford Company for the year 2019 has been assembled:

Market value at December 31, 2019 $600,000

Total liabilities $100,000

Debt ratio 40%

Return on sales 10%

Asset turnover 2.0

Required - You are required to compute the following information:

a. Total assets

b. Sales

c. Net income

d. Price-earnings ratio

Reference no: EM132756859

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