The most recent balance sheet of infinity information Systems (IIS) shows that the company has $35 m

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?Horatio’s Hot Dogs current assets equal $260,000. The company’s return on assets (ROA) is 4 percent, its net income is $140,000, its long-term debt equals $1,755,000, and 35 percent of its assets are financed with common equity. Horatio’s has no preferred stock. Compute the company’s current ration. 1. The most recent balance sheet of infinity information Systems (IIS) shows that thecompany has $35 million of common equity and 7 million shares of common stockoutstanding. The company’s…