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: Maris Corporation Income Statement Year Ended December 31, 20XX Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common shareholders Shares outstanding Earnings per share $6,000,000 4,150,000 1,850,000 760,000 280,000 810,000 55,000 755,000 380,000 375,000 30,000 $345,000 143,750 $2.40 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20XX $920,000 345,000 150,000 $1,115,000 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 Comparative Balance Sheets For 20XX and 20XW 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 Total shareholders' equity Total liabilities and shareholders' equity December 31, 20XX 2,600,000 1,053,000 $120,000 570,000 540,000 29,000 1,259,000 120,000 1,547,000 $2,926,000 $425,000 500,000 56,000 981,000 190,000 1,171,000 140,000 500,000 1,115,000 1,755,000 $2,926,000 December 31, 20XW 2,000,000 773,000 $103,000 558,000 505,000 58,000 1,224,000 125,000 1,227,000 $2,576,000 $352,000 500,000 64,000 916,000 100,000 1,016,000 140,000 500,000 920,000 1,560,000 $2,576,000 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 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 times