Question
Use the following financial data regarding Joy Ride Investments Co. 12/31/2021 12/31/2020 Net Income $ 14,600,000 $ 13,560,000 Shares outstanding 2,100,000 2,100,000 Total Assets $
Use the following financial data regarding Joy Ride Investments Co.
| 12/31/2021 | 12/31/2020 | |
| Net Income | $ 14,600,000 | $ 13,560,000 |
| Shares outstanding | 2,100,000 | 2,100,000 |
| Total Assets | $ 130,500,450 | $ 115,500,450 |
| Total Liabilities | $ 59,000,000 | $ 62,000,000 |
| Total Shareholder Equity | $ 71,500,450 | $ 53,500,450 |
| Market Price per Share | $ 16.23 | $ 12.74 |
What is the Price to earnings ratio on 12/31/2021?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
