The following information have been taken from the Muscat Company: Preferred 145 Rent revenue 200 stock, $8 par Тах 30%market price 20 rate Ending Inventory 500 Total stockholders' 1,950 equity 40...

Extracted text: The following information have been taken from the Muscat Company: Preferred 145 Rent revenue 200 stock, $8 par Тах 30%market price 20 rate Ending Inventory 500 Total stockholders' 1,950 equity 40 Preferred dividends 12 Interest expense Fee revenue 300 Sales 1,000 sales allowances 100 Beginning Inventory1,500 Maintenance130 Common stock, $5 $200 Expenses par Required Compute the Price-earnings ratio