Find the Price-Earnings (PE) Ratio for Years 2019 and 2020.

BUS499.01 XYZ Company Fall 2021 (Dollars in Thousands, except Per-Share Amounts) 2019 2020 Income Statement $ 725,000 $ 765,050 Net sales $ 555,000 $575,000 Cost of goods sold Gross margin $ 190,050 $ 170,000 Operating expenses $ Depreciation & Amortization $ 28,050 25,000 Selling, general & admin expenses (SGA) 96,804 $ 109,500 Operating Income 65,196 $ 35,500 Other Income (expense) Dividend & Interest income $ 5,250 10,000 Interest expense $ (16,250) $ (16,750) Income before income taxes & extraordinary loss $ 54,196 28,750 Income taxes $ 41,446 $ 26,250 Income before extraordinary loss $ 12,750 $ 2,500 Extraordinary item: Loss on Earthquake destruction $ (5,000) Net income $ 7,750 $ 2,500 Earnings per share of common stock before extraordinary loss Earnings per share - extraordinary loss $ (0.34) Net Income per common share XYZ Company (Dollars in Thousands, Except Per-Share Amounts) December 31 ASSETS 2019 $ 2,020 Current Assets Cash and cash equivalents $ 19,500 $ 15,000 Marketable securities $ 46,300 $ 32,000 Accounts receivable - net of allowance for doubtful accounts $ 156,000 $ 145,000 Inventories $ 180,000 $ 185,000 Prepaid expenses and other current assets $ 4,000 $ 3,000 Total Current Assets $ 405,800 $ 380,000 Total Property, plant, and equipment $ 385,000 $ 346,600 125,000 260,000 $ 97,000 $ 249,600 $ Less accumulated depreciation Net Property, plant, and equipment Other Assets Intangibles (goodwill, patents) net of accumulated amortization Investment securities, at cost Total Other Assets Total Assets $ 2,000 $ $ $ $ 1,950 300 2,250 658,050 $ 2,000 $631,600 $ Uabilities and Shareholders' Equity Labilities Current Liabilities Accounts payable Notes payable Accrued expenses Income taxes payable Other liabilities Current portion of long-term debt Total Current Liabilities Long-term Liabilites Deferred income taxes 9.12% debentures payable 2030 Other long-term debt Total Llabilities $ $ $ $ 60,000 51,000 30,000 17,000 12,000 6,000 176,000 $ $ $ $ 57,000 61,000 36,000 15,000 12,000 $ 181,000 $ 16,000 $ 130,000 $ 9,000 $ 130,000 $ 6,000 $ 326,000 $ 322,000 $ 6,000 Shareholder's Equity Preferred stock. $5.83 culmulative, $100 par value; authorized, issued and outstanding: 60,000 shares 6,000 Common stock, $5.00 par value, authorized 20,000,000 share; issued and outstanding: 2019 - 15,000,000 shares 2020 - 14,500,000 shares 75,000 Additional paid in capital $ 20,000 Retained earnings $ 249,000 Foreign currency translation adjustments (net of tax) 1,000 Unrealized gain on available-for-sale securities (net of taxes) 50 Less: Treasury stock at cost (2019 and 2020 - 1000 shares) $ (5,000) $ 72,500 $ 13,500 $ 219,600 $ (1,000) $ (5,000) Total Shareholder' Equity $ 346,050 $ 305,600 Total Liabilities and Shareholders' Equity $ 668,050 $ 631,600