Refer to the following financial statements for Crosby Corporation:

a. Prepare a statement of cash flows for the Crosby Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign.)

b. Compute the book value per common share for both 20X1 and 20X2 for the Crosby Corporation. (Round your answers to 2 decimals places.)

c. If the market value of a share of common stock is 2.6 times book value for 20X2, what is the firms P/E ratio for 20X2? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

\begin{tabular}{|l|l|} \hline & Book value \\ \hline 201 & \\ \hline 202 & \\ \hline \end{tabular}