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Find P/E Ratio Given is the Income Statement for the year ended December 31, 20XX. Statement of Retained Earnings for the year ended December 31,
Find P/E Ratio
Given is the Income Statement for the year ended December 31, 20XX. Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XX and 20XW of Maris Corporation: Comparative Balance Sheets Saved Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx $20,000 Add: Earnings available to common shareholders, 20xx 345,000 Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20xx Comparative Balance Sheets For 20XX and 20XW December 31,20xx December 31,20xW Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated amortization Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20XY Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings Help Save \& Exit Submit Check my work $1,115,000150,000 \begin{tabular}{r} $120,000 \\ 570,000 \\ 540,000 \\ 29,000 \\ \hline 1,259,000 \\ 120,000 \end{tabular} 2,600,000 1,053,000 $2,926,0001,547,000 2,000,000773,000 773,000 \begin{tabular}{ll} 1,547,000 & 1,227,000 \\ \hline$2,926,000 & $2,576,000 \\ \hline \end{tabular} $352,000 500,000 64,000 1,171,000190,000 1,016,000100,000 \begin{tabular}{rr} 140,000 & 140,000 \\ 500,000 & 500,000 \\ 1,115,000 & 920,000 \\ \hline \end{tabular} Prey 5 of 5 Next If the market value of a share of common stock is 2.5 times book value for 20XX, what is the firm's P/E ratio for 20XX ? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) P/E ratio timesStep by Step Solution
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