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Question 26 of 28 - / 4 View Policies Current Attempt in Progress The following amounts were taken from the financial statements of Crane Company:

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Question 26 of 28 - / 4 View Policies Current Attempt in Progress The following amounts were taken from the financial statements of Crane Company: 2020 2019 $750000 $950000 Total assets Net sales 670000 600000 Gross profit 350000 280000 Net income 100000 110000 40000 80000 Weighted average number of common shares outstanding Market price of common stock $37.50 $35 The price-earnings ratio for 2020 is 2.2 times. 15.0 times. 2.5 times. O 32.5 times

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