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Bramble Corporation had net sales revenue of $5,840,000 and investment revenue of $224,000 for the year ended December 31, 2020. Other items pertaining to 2020

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Bramble Corporation had net sales revenue of $5,840,000 and investment revenue of $224,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses $4,610,000 379,000 126,000 76,000 581,000 Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 293,000 106,000 45,000 444,000 Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense 75,000 35,000 172,000 82,000 Bramble has 100,000 common shares outstanding throughout the year. Income Statement For the Year Ended December 31, 2020 V Sales Revenue $ 5,840,000 Selling Expenses $581,000 Gross Profit/(Loss) $5,259,000 Other Revenues and Gains $ $ Net Income /(Loss) $ X Your answer is incorrect. Assume the average market price for the common shares is $43.75. What is Bramble's price-earnings ratio? Price earnings ratio is e Textbook and Media List of Accounts

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