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Question 8 10pts Refer Johnston Industries' financial statements darr . What is Johnston's Price Earnings ratio for 2020 Note that Johnston's financial statements are

Question 8\

10pts

\ Refer Johnston Industries' financial statements

darr

. What is Johnston's Price\ Earnings ratio for 2020\ Note that\ Johnston's financial statements are in thousands of dollars, so net income

=

$87,858,000

\ Has Johnston's P/E ratio improved or deteriorated since 2019?\ Is Johnston's

(P)/(E)

ratio better or worse than the industry average?

image text in transcribed
Refer Johnston Industries' financial statements . What is Johnston's Price Earnings ratio for 2020 ? Note that Johnston's financial statements are in thousands of dollars, so net income = $87,858,000 Has Johnston's P/E ratio improved or deteriorated since 2019? Is Johnston's P/E ratio better or worse than the industry average

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