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Problem 2-28 (Algo) Statement of cash flows [LO2-4] Refer to the following financial statements for Crosby Corporation: begin{tabular}{|c|c|c|c|} hline multicolumn{4}{|c|}{ CROSBY CORPORATION } hline
Problem 2-28 (Algo) Statement of cash flows [LO2-4] Refer to the following financial statements for Crosby Corporation: \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ CROSBY CORPORATION } \\ \hline \multicolumn{4}{|c|}{ Statement of Cash Flows. } \\ \hline \multicolumn{4}{|c|}{ For the Year Ended December 31, 20X2 } \\ \hline \multicolumn{2}{|l|}{ Cash flows from operating activities: } & 3 & \\ \hline 3 & +1 & & y= \\ \hline \multicolumn{2}{|c|}{ Adjustments to determine cashflow from operating activities: } & a2 & \\ \hline & & & \\ \hline & & & 4% \\ \hline & & + & +2 \\ \hline & & & \\ \hline & & & 2 \\ \hline+ & +1 & & 3 \\ \hline Total adjustments & & & 0 \\ \hline Net cash flows from operating activities & & & \\ \hline Canh flows from invosting activities: & & & 8. \\ \hline & & & \\ \hline+ & & & \\ \hline Net cash flows from investing activities & & y2 & $:0 \\ \hline Cash flows from financing activities: & & x1 & 8 \\ \hline & & E & \\ \hline & & +1 & 40 \\ \hline & 4 & & . \\ \hline Net cash flows from finencing activites & & & $0 \\ \hline & & & 5x2= \\ \hline \end{tabular} b. Compute the book value per common share for both 201 and 202 for the Crosby Corporation. Note: Round your answers to 2 decimals places. c. If the market value of a share of common stock is 2.5 times book value for 202, what is the firm's P/E ratio for 202 ? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places
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