Given is the Income Statement for the year ended December 3 1 , 2 0 XX ,
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Question:
Given is the Income Statement for the year ended December XX Statement of Retained Earnings for the year ended December XX and Comparative Balance Sheets for XX and XW of Maris Corporation:
Maris Corporation
Income Statement
Year Ended December XX
Sales $
Cost of goods sold
Gross profits
Selling and administrative expense
Amortization expense
Operating income
Interest expense
Earnings before taxes
Taxes
Earnings after taxes
Preferred stock dividends
Earnings available to common shareholders $
Shares outstanding
Earnings per share $
Statement of Retained Earnings
For the Year Ended December XX
Retained earnings, balance, January XX $
Add: Earnings available to common shareholders, XX
Deduct: Cash dividends declared and paid in XX
Retained earnings, balance, December XX $
Comparative Balance Sheets
For XX and XW
December XX December XW
Assets
Current assets:
Cash $ $
Accounts receivable net
Inventory
Prepaid expenses
Total current assets
Investments longterm securities
Plant and equipment
Less: Accumulated amortization
Net plant and equipment
Total assets $ $
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable $ $
Notes payable
Accrued expenses
Total current liabilities
Longterm liabilities:
Bonds payable, XY
Total liabilities
Shareholders equity:
Preferred stock
Common stock
Retained earnings
Total shareholders equity
Total liabilities and shareholders equity $ $
If the market value of a share of common stock is times book value for XX what is the firms PE ratio for XXDo not round intermediate calculations. Round the final answer to the nearest whole number.
PE ratio
times
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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