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Question 24 The following amounts were taken from the financial statements of Bonita Company: Total assets Net sales Gross profit Net income Weighted average number

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Question 24 The following amounts were taken from the financial statements of Bonita Company: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock 2020 $790000 670000 359000 180000 2019 $950000 630000 380000 112000 50000 100000 $93.60 $40 The price-earnings ratio for 2020 is 3.6 times. O 26.0 times. 36.4 times. 7.0 times

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