Refer to the following financial statements for Crosby Corporation: Ketaned earnngs, Dalance, January 1, zuxz \begin{tabular}{lr} Add: Earnings available to common stockholders, 202 & 113,800 \\ Deduct: Cash dividends declared and paid in 202 & 199,000 \\ \hline etained earnings, balance, December 31,202 & $230,800 \end{tabular} Comparative Balance Sheets For 201 and 202 Year-End 201 Year-End 202 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) $102,200591,000654,00031,200$1,378,400 Gross plant and equipment Less: Accumulated depreciation 92,900 88,600 Net plant and equipment Total assets Liabilities and stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 202 Total liabilities Stockholders' equity: Preferred stock, $100 par value Common stock, \$ 1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2,120,0001,520,000 $2,550,000 600,000$2,007,100 721,000$2,188,000 $576,000534,00055,200$1,165,200 $1,101,100192,000 $1,367,200202,000 $90,000150,000350,000316,000$906,000$2,007,100 $90,000150,000350,000230,800$820,800$2,188,000 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 1.4 times book value for 20X2, what is the firm's P/E ratio for 20X2 ? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places