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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
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: 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 Comparative Balance Sheets For 20X and 20XW December 31,20X Assets December 31,20W Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated amortization 2,600,000 1,053,000 $120,000570,000540,00029,000$103,000558,000505,00058,000 Net plant and equipment Total assets 1,259,800 120,080 1,224,000 125,000 2,000,800 773,800 $2,926,8001,547,800 Equity Liabilities and Shareholders' Equity current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20XY Total liabilities $425,000 500,000 56,080 981,000 190,000 1. 171.000 $352,800 500,000 64,000 916,000 100,000 1.016 .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 not round intermediate calculations. Round the final answer to the nearest whole number.) P/ E ratio times
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