IIS and Horatio (2 Questions), business and finance homework help

1. The most recent balance sheet of infinity information Systems (IIS) shows that the company has $35 million of common equity and 7 million shares of common stock outstanding. The company’s common stock has a market value equal to $8 per share. IIS’ net income was $14 million. What are IIS’ (a) P/E ratio and (b) M/B ratio? 

2. Horatio’s Hot Dogs’ current assets equal $260,000. The company’s return on assets (ROA) is 4%. Its net income is $140,000, its long-term debt equals $1,755,000, and 35% of its assets are financed with common equity. Horatio’s has no preferred stock. Compute the company’s current ratio. 

"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "GET10" in your order"

If this is not the paper you were searching for, you can order your 100% plagiarism free, professional written paper now!

Order Now Just Browsing

All of our assignments are originally produced, unique, and free of plagiarism.

Free Revisions Plagiarism Free 24x7 Support