Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividends, and it has ending total equity of $4.85 million. The company currently has 150,000 shares of common stock outstanding.
1. What is the price-earnings ratio?
2. If the company had sales of $5.19 million, what is the price-sales ratio?
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