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 Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Year Ended December 31, 20XX Sales $5,000,000 Cost of goods sold 3,150,000 1,850,000 660,000 320,000 870,000 55,000 815,000 420,000 395,000 D Preferred stock dividends 20,000 Earnings available to common shareholders $375,000 Shares outstanding 187,500 Earnings per share $2.00 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 $880,000 375,000 200,000 $1,055,000 Comparative Balance Sheets For 20XX and 20XW Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets December 31, 20XX December 31, 20XW $120,000 $108,000 470,000 458,000 600,000 572,000 19,000 38,000 Investments (long-term securities) 1,209,000 100,000 1,176,000 105,000 Plant and equipment Less: Accumulated amortization 2,400,000 1,080,000 1,800,000 760,000 Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable 1,320,000 1,040,000 $2,629,000 $2,321,000 Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20XY Total liabilities $238,000 $157,000 500,000 500,000 46,000 64,000 784,000 721,000 170,000 100,000 954,000 821,000 Submit abilities Shareholders' equity: Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 954,000 821,000 120,000 120,000 500,000 500,000 1,055,000 880,000 1,675,000 1,500,000 $2,629,000 $2,321,000 If the market value of a share of common stock is 2.9 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 < Prev 9 of 25 # Next >