On december 31, sulfur corporation has the following data available: net income $ 140 comma 000 market price of one share of common stock $ 6 preferred dividends 40 comma 000 weightedminusaverage number of shares of common stock outstanding 20 comma 000 shares total common stockholders' equity at the beginning of the year 370 comma 000 total common stockholders' equity at the end of the year 300 comma 000 what is the priceminusearnings ratio?

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)